If you are licensed in Alaska, Colorado, Idaho, Iowa, Kentucky, Louisiana, Mississippi, Nebraska, New Mexico, North Dakota, South Dakota, Tennessee, or Wyoming, you must purchase your own E&O insurance to stay compliant with State Law.
While Real provides firm-level E&O coverage, the states below require licensed agents to carry an individual (primary) E&O policy that meets state guidelines.
Follow the steps below to ensure you have the required coverage and you have submitted proof of coverage to Real:
- Review your state requirements below.
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Secure coverage through RISC (linked in the table below) or a provider of your choice (must meet state requirements).
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Be sure to list Real as the certificate holder:
- Name: Real Broker
- Address: 39899 Balentine Dr. Suite 200, Newark, CA 94560
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Be sure to list Real as the certificate holder:
- Submit your Certificate of Insurance (COI) through this link . Please see Submitting Your E&O Certificate of Insurance for exact steps and best practices.
If you already have an active policy, you still need to submit your COI using the link above. If Real is not yet listed as certificate holder, please update your policy before submitting.
After May 3, Real’s policy will serve as excess coverage—meaning your individual policy must be active and on file.
Staying compliant protects your business—and keeps every transaction moving forward.
State |
State Requirement | RISC Provided Limits | Helpful Links |
|---|---|---|---|
Alaska |
State Minimum Coverage: $100k per claim / $300k per year State Maximum Deductible: $5,000 |
RISC Coverage Limit: $100k per claim / $300k per year RISC Deductible: $2,500 damage |
|
Colorado |
State Minimum Coverage: $100k per claim / $300k per year State Maximum Deductible: $1,000 |
RISC Coverage Limit: $100k per claim / $300k per year RISC Deductible: $1,000 damage |
|
Idaho |
State Minimum Coverage: $100k per claim / $300k per year State Maximum Deductible: $3,500 |
RISC Coverage Limit: $100k per claim / $300k per year RISC Deductible: $1,000 damage |
|
Iowa |
State Minimum Coverage: $100k per claim / $100k per year State Maximum Deductible: $0 |
RISC Coverage Limit: $100k per claim / $100k per year RISC Deductible: $0 |
|
Kentucky |
State Minimum Coverage: $100k per claim / $1M per year State Maximum Deductible: $2,500 |
RISC Coverage Limit: $100k per claim / $1M per year RISC Deductible: $0 |
|
Louisiana |
State Minimum Coverage: $100k per claim / $300k per year State Maximum Deductible: $1,000 |
RISC Coverage Limit: $100k per claim / $300k per year RISC Deductible: $1,000 damage |
|
Mississippi |
State Minimum Coverage: $100k per claim / $100k per year State Maximum Deductible: $2,500 |
RISC Coverage Limit: $100k per claim / $500k per year RISC Deductible: $1,000 damage |
|
Montana |
While Montana requirements technically exceed Real's policy limits, the Montana Board of Realty Regulation recognizes and accepts Real's policy in fulfilment of E&O Insurance requirements. |
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Nebraska |
State Minimum Coverage: $100k per claim / $300k per year State Maximum Deductible: $1,000 |
RISC Coverage Limit: $100k per claim / $300k per year RISC Deductible: $1,000 damage |
|
New Mexico |
State Minimum Coverage: $100k per claim / $500k per year State Maximum Deductible: $1,000 |
RISC Coverage Limit: $100k per claim / $500k per year RISC Deductible: $1,000 damage |
|
North Dakota |
State Minimum Coverage: $100k per claim / $500k per year State Maximum Deductible: $1,000 |
RISC Coverage Limit: $100k per claim / $500k per year RISC Deductible: $1,000 damage / $1,000 expense |
|
Rhode Island |
While Rhode Idland requirements technically exceed Real's policy limits, the Rhode Island Real Estate Commission recognizes and accepts Real's policy in fulfilment of E&O Insurance requirements. |
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South Dakota |
State Minimum Coverage: $100k per claim / $500k per year State Maximum Deductible: n/a |
RISC Coverage Limit: $100k per claim / $500k per year RISC Deductible: $1,000 damage / $500 expense |
|
Tennessee |
State Minimum Coverage: $100k per claim / $300k per year State Maximum Deductible: n/a |
RISC Coverage Limit: $100k per claim / $300k per year RISC Deductible: $1,000 damage |
|
Wyoming |
State Minimum Coverage: $100k per claim / $500k per year State Maximum Deductible: $1,000 damage / $1,000 expense |
RISC Coverage Limit: $100k per claim / $500k per year RISC Deductible: $1,000 damage / $1,000 expense |
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