No. An executor having a grant of probate and selling a property is a “court appointed administrator” and does not have coverage as per …
Are strata managers covered for preparation of Depreciation Reports?
Licensees preparing Depreciation Reports required by the Strata Property Act will not have coverage under the Indemnity Plan for this …
Are all real estate services covered, including appraisal work?
Coverage under the Indemnity Plan is for claims arising out of errors by you “in performing or failing to perform real estate services for …
Do I still have coverage after I retire or terminate my licence?
Yes, if you surrender your licence, you will continue to have coverage. This coverage applies to claims that are discovered and reported …
Do I have coverage for the provision of real estate services outside of BC?
You will have coverage under the Indemnity Plan for errors occurring anywhere, provided that the claim is first made and proceedings are …
Do I have coverage for claims seeking a return of commissions or profits?
Licensees who are sued in court for breach of fiduciary duty or fraud may face claims for the return of commissions or profits, in addition …
Do I have coverage for fines or penalties levied by the BC Financial Services Authority or a real estate board?
No, there is no coverage under the Indemnity Plan for complaints made against you to the BC Financial Services Authority or a real estate …
If I report a claim to E&O, is that report shared with the BC Financial Services Authority?
Sometimes licensees face claims for damages that are handled by E&O and also face a complaint made against them to the BC Financial …
Does the Indemnity Plan provide coverage for complaints made to the BC Financial Services Authority or to the Human Rights Tribunal?
The Indemnity Plan does not provide coverage for complaints made against you to the BC Financial Services Authority, real estate boards, or …
Do I have coverage if I list my own property for sale?
The answer is no. If: you, your spouse, or a corporation or other legal entity in which either of you either separately or …