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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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March 29, 2023

Do I have coverage if I am the executor selling a property for an estate and also act as the estate’s (seller’s) agent?

A

Do I have coverage if I am the executor selling a property for an estate and also act as the estate’s (seller’s) agent?

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No. An executor having a grant of probate and selling a property is a “court appointed administrator” and does not have coverage as per Exclusion 2 of the Indemnity Plan. The licensee’s brokerage would also have no coverage, as per Insuring Agreement s. 3.6.

e-AnD-o-94

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