Mortgage Brokers Malpractice Quote Savings Exposed Now
Real-World Examples and Statistics
According to industry reports, the average cost of a malpractice claim in the real estate sector can range from $30,000 to $60,000, depending on the complexity of the case1. Additionally, a survey by the National Association of Mortgage Brokers found that over 20% of brokers have faced a malpractice claim at some point in their careers2. These statistics underscore the importance of having adequate insurance coverage.