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Factors Influencing E&O Insurance Costs

The cost of E&O insurance for real estate agents can vary widely based on several factors. These include the size of your business, the number of transactions you handle, your location, and your claims history. Typically, premiums can range from a few hundred to several thousand dollars annually. For instance, agents in high-risk areas or those with a history of claims may face higher premiums. Conversely, those with a clean record and fewer transactions might enjoy lower rates.