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This document outlines the requirement for real estate licensees in North Dakota to maintain errors and omissions insurance and provides a form for enrollment in a group insurance program.

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How to fill out North Dakota Real Estate Errors and Omissions Program

01

Obtain a copy of the North Dakota Real Estate Errors and Omissions Program application form.

02

Read through the instructions provided on the form to understand the requirements.

03

Fill in your personal details, including full name, contact information, and real estate license number.

04

Provide details of your real estate business, such as the name of your brokerage and address.

05

Select the coverage option that best suits your needs.

06

Indicate your payment method and include any required fees.

07

Review your application for accuracy and completeness.

08

Submit the completed application form along with payment to the designated address.

Who needs North Dakota Real Estate Errors and Omissions Program?

01

Licensed real estate agents and brokers in North Dakota.

02

Real estate businesses and firms operating within the state.

03

Individuals seeking protection against errors and omissions in real estate transactions.

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What is North Dakota Real Estate Errors and Omissions Program?

The North Dakota Real Estate Errors and Omissions Program is a program designed to provide insurance coverage for real estate professionals against claims or lawsuits arising from errors, omissions, or negligence during the course of their professional duties.

Who is required to file North Dakota Real Estate Errors and Omissions Program?

All licensed real estate professionals in North Dakota, including real estate agents and brokers, are required to participate in the North Dakota Real Estate Errors and Omissions Program as a condition of maintaining their license.

How to fill out North Dakota Real Estate Errors and Omissions Program?

To fill out the North Dakota Real Estate Errors and Omissions Program application, real estate professionals should provide their state license number, personal information, and any relevant details regarding their professional activities, ensuring that all provided information is accurate and up-to-date.

What is the purpose of North Dakota Real Estate Errors and Omissions Program?

The purpose of the North Dakota Real Estate Errors and Omissions Program is to protect real estate agents and brokers from financial losses due to claims made against them for professional mistakes, thus promoting accountability and professionalism within the industry.

What information must be reported on North Dakota Real Estate Errors and Omissions Program?

Real estate professionals must report information including their license number, contact details, the nature of their real estate practice, any prior claims made against them, and other relevant professional conduct details as outlined in the program guidelines.

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