Angela, Home Buyer in 21234

I understand that Realtors have insurance in order to sell houses.

Asked by Angela, 21234 Thu Jul 31, 2008

Can a displeased client file a claim against a Realtor's insurance for damages/fraud that resulted in the sale of a property? If so, how can this be accomplished?

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You'll have to contact the Maryland Association of Realtors, if you used a Maryland Contract on the purchase of the property. There should be a paragraph in the contract that states it, that you have agreed to mediation for disputes. If you have a case they will let you know and the limit is $25000 if they decide that you have been damaged. You cannot just be displeased, you'll have to prove that the realtor did something that caused you damages. That is my understanding of how it works.
0 votes Thank Flag Link Fri Aug 1, 2008
Most insurance does not cover fraud. you should take advantage of a real estate attorney's free 1st consoltation and know what you have or done have for a case before spending alot of time and resources. good luck with working things out
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0 votes Thank Flag Link Tue Dec 23, 2008
This is So Not True, $25,000 is Nothing when it comes to the Damage that can be done when a Realtor Does Not Disclose. I Thought that E and O insurance Covered Errors and Omissions and that if the Realtor or the Seller left anything out that was really an error or an omission that this insurance covered it. And that in cases of fraud, if the Realtor or Seller was guilty they would be held accountable and the Real Estate Consumer could “go after” the Realtors personally Assets. However, even if you prove that the Realtor left out VERY important information they are NOT made to Pay. And the E and O insurance only protects the Realtor from the Frivolous Lawsuits unjustifiable brought on them by the Real Estate Consumer. I have seen cases where it is flat out proven that the Realtor Lied, NAR does not care, the Local Association Does Not Care and No One is Held Accountable for the Damage they do. If you kid gets cancer from undisclosed Mold or you lose hundreds of thousands of dollars in fixing an issue with your home and come to find out the Realtor knew, there is NOTHING you can do. I have personally Seen This.

A displeased client can olny do all they can to EXPOSE this realtor, email me your True Story at and I will post your story. I am the Real Estate Industry Whistleblower and I have seen blantant lies by a Realtor PROVEN in black and white and there is no "claim" to be had, their Franchise - NAR - their E and O insurance - their attorney will keep you in court longer then you can stand No matter how much Money you have. If you Have Proven Damages - Do a Blog - Do a YouTube Video.. send me a Link I will GET you Heard...
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0 votes Thank Flag Link Tue Dec 23, 2008
I believe what you are referring to is "Errors and Omissions Insurance", but it specifically does not cover fraud - however if you used a licensed Realtor from Maryland, the Maryland Association of Realtors does have a sort of policy that covers up to the $ 25,000 loss that the previous answer mentioned - first I would contact the Realtor, then their Broker, and if all else fails, a real estate attorney to see if you really have a valid claim - if you do, I wish you luck!

Bill Wootan
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0 votes Thank Flag Link Fri Aug 1, 2008
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