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What else can I help you with?
Is it legal for an insurance agent to work for two insurance companies at the same time?
can a general insurance agent represent more than 2 companies
Can a real estate agent represent themselves as their own agent?
Yes, a real estate agent can represent themselves as their own agent, but it is important for them to disclose this fact to all parties involved in the transaction to avoid any conflicts of interest.
How can you get an Insurance Quote on your Home?
Cal an agent and he can give you a quote on the insurance cost. I would recommend that you contact an independent insurance agent because they represent many different insurance carriers and can shop for the best price and coverage for you.
Functions of insurance agents?
To educate and consult with customers in order to facilitate the transaction of purchasing insurance products. A good agent will point out appropriate coverages ands gaps in coverages as well. Independent agents or brokers have multiple companies to work with where as captive or direct agents have only one comapny they represent.
How can you change your Agent of Record?
To change your Agent of Record, you typically need to submit a written request to your insurance company identifying the new agent you would like to represent you. The insurance company will then update their records accordingly. It's important to check with your insurance provider for their specific process and requirements for changing your Agent of Record.
Who is the registered agent for safeco insurance?
Safeco Insurance Company is represented by Independent Insurance Agents who contract with them. If you purchased insurance from Safeco then you did so through an Independent Agent. Unless you changed your agent for some reason such as moving to another area the original agent would still be your agent or at least the agency would still be who you would go to for assistance. I know this because I am an Independent Agent who represents Safeco Insurance Company and am proud to represent such a fine company for many years.
Who does a Real estate agent represent?
either the buyer or seller of a property There are several types of representation that a real estate agent may be hired to perform. The agent can be retained in a single agency representation to represent the seller or as a buyer-agent representing the buyer. Single agency results in a fiduciary relationship to either the buyer or seller, but not both. Dual agency is where the real estate agent owes a fiduciary relationship to both parties and is not permitted in many states. A real estate agent can also be retained to provide what is called transaction brokerage whereby they do not represent either the buyer or the seller but instead performs services to facilitate the transaction and would be bound to treat both parties fairly but does not owe a fiduciary relationship to either. When retaining the services of a real estate agent inquire as to the nature of their representation and who they in fact represent. Keep in mind that as their representation of a particular party to the transaction evolves, the representation obligations and fiduciary duties may change. It is obligation of the real estate agent to disclose in establishing a relationship and also if and when it changes during the transaction.
What to do if title company goes out of business?
If a title company goes out of business, first check for any remaining assets or claims with the state’s insurance department, as they may provide coverage through a title insurance policy. Contact your real estate agent or attorney for guidance on next steps, including how to secure your title insurance or resolve any transaction issues. Additionally, gather all documentation related to your title insurance policy and any transactions to aid in the claims process.
In a for sale by owner transaction, who pays the buyer's agent commission?
In a for sale by owner transaction, the seller typically pays the buyer's agent commission.
Who pays the buyer agent fees in a for sale by owner transaction?
In a for sale by owner transaction, the seller typically pays the buyer agent fees.
What are the rights of an agent in insurance?
An insurance agent has a contract with an insurance company which specifies his rights; but basically an agent has a right to be paid a commission for the insurance that he or she sells.
Who is the principal of a common law insurance broker in an insurance transaction?
Insurer
