Ask Question
10 November, 17:41

One of the traditional requirements for individuals who wish to obtain a brokerage license has been to demonstrate financial capacity to cover damage judgments brought against them by clients. In order to address this concern, some states have required licensees to first obtain:

A. Private mortgage insurance (PMI)

B. Errors and omission insurance

C. Deposit insurance

D. Hazard insurance

+3
Answers (1)
  1. 10 November, 21:00
    0
    B. Errors and omission insurance

    Explanation

    Errors and omission insurance is the type of insurance that covers circumstances which the traditional liability insurance policies do not cover.

    This type of professional liability insurance protects companies, its workers, and other professionals against claims of insufficiency or errors as a result of negligence.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “One of the traditional requirements for individuals who wish to obtain a brokerage license has been to demonstrate financial capacity to ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers