Soil Global Realty
Compliance & Legal

Do I need Errors & Omissions (E&O) insurance as a referral-only agent?

E&O requirements vary by state and brokerage policy. As a referral-only agent, your risk exposure is significantly lower than active agents since you're not representing clients in transactions. Soil Global's brokerage E&O policy covers standard referral activities.

Some states may require individual E&O coverage regardless. We'll clarify requirements specific to your state during onboarding.

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Am I liable if a referral goes bad — the agent does a terrible job or the deal falls apart?How does RESPA apply to referral fees — am I at risk of violating federal law?Do referral fees need to be disclosed to the consumer?What does the referral agreement look like, and what should I watch out for?
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