What is a membership fee and why do I have to pay this?

CRES established the Real Estate Agents Alliance Purchasing Group (REAAPG) under the Risk Retention Act of 1996, to allow us to offer comprehensive prepaid legal services as a part of your real estate errors and omissions insurance.

Under the REAAPG, CRES offers a one-stop shop for coverage through Admitted insurance carriers at wholesale pricing. Because we only work with Admitted carriers, you won’t pay any additional taxes for coverage.

Under the REAAPG, coverage is required to include Risk Management (legal advisory services), which we offer to all companies and individuals on all of our quotes. REAAPG Membership is required by our carriers.

This blog/website is made available by CRES Insurance Services for educational purposes to give you general information and understanding of legal risks and insurance options, not to provide specific legal advice. This blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. Claims examples are for illustrative purposes only. Read your policy for a complete description of what is covered and excluded.

Originally Published January 5, 2017

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