Eligibility Criteria

1. No owner, agent or member of the applicant company has had their license revoked, been investigated or been subject to any disciplinary Action by any licensing board, real estate association or other regulatory body within the last 5 years.

2. No owner, agent or member of applicant company has been cancelled, refused insurance or declined by another Carrier during the last 5 years (except due to loss of market or non-payment of premium).

3. No owner, agent or member of the company is involved in property management, development or construction.

4. No owner or agent of the company has an exclusive listing agreement with any builder/developer.

5. The applicant’s total gross revenues did not exceed $300,000.00 for the last three (3) year period. (gross revenues are defined as all fees and commissions before expenses payable to employees and independent contractors).

6. The applicant and anyone to whom this insurance will apply is not aware of any professional liability claim or any acts, errors, omissions or Personal Injuries which might reasonably be expected to be the basis of a claim made against them within the past 5 years.