Real estate brokers errors and omissions

{
  "id": "MLC-T-INS-002806",
  "term": "Real estate brokers errors and omissions",
  "field": "Insurance and risk management",
  "definition": "Professional liability insurance that protects real estate brokers and agents against claims of negligence, errors, or omissions in their professional services. This coverage addresses financial losses incurred by clients due to mistakes made during property transactions, such as misrepresentation or failure to disclose defects. Policies typically exclude claims arising from fraud or intentional misconduct.",
  "url": "https://mlchart.com/terminology/insurance/real-estate-brokers-errors-and-omissions/"
}