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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Wed, 16 Feb 2005 13:14:17 -0500
/ Author of the message: "homan4" |
Title of the message: |
E & O Insurance
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Text of the message: |
I am an agent who was working in NY, but about 6 months ago I moved to Florida, obtained a license here and am doing quite well. My question is E&O insurance. It seems that insurance in general is cheeper in Florida (auto, health, life, etc.) This does not seem to be the case with E&O insurance. In NY the Brokers procured E&O insurance and divided the cost by the number of agents on staff at the time of the policy renewal. New agents had to pau a pro-rated amount the first year, the brokers as arule did not refund the "unused premium" if an agent dropped out or left the company - fair enough in my mind. The average Long Island, NY agent pays about $200.00 per year ($175-250 depending on the broker, his office and policy) regardless of the number of transactions they have. In my part of Florida, the agents are charged E&O by their brokers on each transaction. The range is from $25.00 - to $40.00. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.