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Real Estate Errors and Omissions Insurance Corporation

A special act corporation formed pursuant to the Real Estate Services Act solely to provide errors and omissions insurance to British Columbia real estate licensees.

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General loss prevention, Misrepresentation · November 30, 2023

E&O takes to the video airwaves to get its message across

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E&O takes to the video airwaves to get its message across

December 2023

What do items like property features, property condition, square footage or the legality of a secondary suite have in common?

They’re all key information that licensees should take great pains to confirm to avoid finding themselves dealing with a misrepresentation claim. Misrepresentation claims make up 50% of all claims reported to E&O.

To help licensees avoid facing this type of claim, E&O staff lawyer Jude Chow has taken to the airwaves to share his top tips in a new three-minute video.

Jude offers easy and effective ways to avoid misrepresentation claims, including using strong disclaimers, stating the source of information, and using reliable sources.

Your Indemnity Plan in a nutshell

For those who are unsure about what your Indemnity Plan covers (and what it doesn’t), you can also find a quick video refresher from E&O Executive Officer Leslie Howatt.

As part of a new approach to making E&O claim prevention content more accessible to licensees, E&O will be producing several more videos in the coming months, doing our best help protect licensees from claims wherever possible.

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General loss prevention | Risk Reports

Filed Under: General loss prevention, Misrepresentation

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