Realist Insurance

You and your clients are always at risk of injury while traveling, or while viewing properties. The Professional Liability Insurance Policy administered by RECO does not cover your general liability, so unless your brokerage is purchasing this coverage for you, this might leave you paying to defend against claims for slips and falls off the brokerage’s premises.

Luckily, with REALIST you can easily purchase additional insurance designed specifically for real estate professionals online in as little as 5 minutes. 

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The REALIST advantage is the ability to purchase affordable income based insurance online within 5 minutes, which allows you to present proof of coverage instantaneously upon payment.

With your PREC not being a RECO registrant it will not have any protections under the insurance program currently administered by RECO. If your PREC is inadvertently named in a professional liability matter, it will not have coverage under the policy administered by RECO. This coverage extends up to $100,000 of defence cost coverage to your PREC in the event it’s named in a professional liability claim.

A PREC can be held responsible for damages caused properties during showings and any clients injured during a showing. The PREC is held liable for the premises they rent, responsible for the well being of any employee working for the PREC. While your PREC is not a “Registrant”, it does have to be registered to RECO, it will be held accountable by RECO for failure to meet the requirements under REBBA 2002.

A PREC can have legal action taken against it in small claims court for contract disputes.

The CRA and FSRA both have the ability to bring Action against you and your PREC.

Purchase affordable insurance online in as little as 5 minutes: https://www.realistinsurance.com

Now real estate professionals can easily purchase affordable insurance online in as little as 5 minutes. 



We strive to provide agents, brokerages, and PRECs (Personal Real Estate Corporations) guaranteed lowest rates with unmatched coverage based around income, gap coverages, and added legal support.

http://realistinsurance.com