1,677,946
No it was part of my huge monthly fee.
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Sandy Padula & Norm Pa...
, CA
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John McCormack, CRS
Albuquerque, NM
5,360,599
I've never paid the E&O on an annualized basis. It's part of my monthly fee, so I've not had a problem.
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Sandy Padula & Norm Pa...
, CA
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John McCormack, CRS
Albuquerque, NM
1,756,242
No; never had a unused E & O refunded.
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S. Leanne Paynter ☼ Br...
Davie, FL
1,718,069
All thtee brokerages I've been with in the past charged per transaction.
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Sandy Padula & Norm Pa...
, CA
316,148
Like Richard Weeks, we pay by the transaction.
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Sandy Padula & Norm Pa...
, CA
1,466,257
Sally K. & David L. Hanson I never received a rebate on the E&O insurance premium. On the other hand, I never had to pay at the new brokerage until the annual premium came around again.
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Sandy Padula & Norm Pa...
, CA
5,322,722
I've only been with 2 Brokerages..the first closed and we paid per transaction. The second Broker I've been with since since 1995 and we renew or E&O Premium on our anniversary date. It is a low amount much better than per transaction!
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Sandy Padula & Norm Pa...
, CA
509,621
No, I was never rebated the unused portion of the pro-rated premium. Thankfully, the brokerage I work for now pays the E&O for its agents.
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Sandy Padula & Norm Pa...
, CA
5,155,635
Have always paid a small fee ($30-$40) per transaction.
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Sandy Padula & Norm Pa...
, CA
3,627,477
630,351
3,074,716
699,327
1,654,912
I did. I left a broker a month after I paid E&O and it was a lot ( not sure but much more than 1k). I was not able to get it back, since a broker pay for all the agents as a package and the insurance refused to refund. As an apology the broker let me take my one listing. ( by contract, if you leave, all your listings stay with a former broker).
634,582
1,153,799
Because it's an annual premium I don't think about too much after it's been paid but the concept feels right Sally K. & David L. Hanson.
3,986,479
1,266,793
our brokerge charges a flat fee. They love those agents (80%) who never had a transaction and keep the rest.
3,345,797
638,226