New Blue Agency Disclosure Brochures
are Here!
The Commission has approved a new Agency
Disclosure Brochure, with an effective date of July 1, 2008. We have the printed brochures
available for purchase here at the Commission office. The brochure is also available as
part of the Idaho Association of
REALTORS® online forms package and may be printed from IREC’s
website. Please discard
previous versions of the blue brochure on July 1st and use only
the most current version.
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Have you signed up to use the
Commission’s new online services?? If you haven’t registered a
new user name and password since April 24th, please visit our website and register today!!
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E & O Insurance
News
Have you changed offices lately, or are you
contemplating a move? If you are licensed at an office that has its own E&O insurance
(typically the larger franchise offices), and you move to an office that
does not have its own E&O coverage, you must obtain E&O insurance prior to changing offices.
The license law requires all actively-licensed brokers
and sales associates to carry E&O insurance as a condition of
licensure. Remember to
ask your new broker whether you will be covered under an E&O policy at
your new office.
The
Commission’s group coverage with Rice
Insurance Services is available to all
Idaho
licensees, or you may obtain other
independent coverage that meets the Commission’s minimum
requirements.
Our Licensing
Department audits compliance with the license law pertaining to E&O
coverage, for your own protection as well as that of the public.
REMINDER: The Rice group E&O policy renews
on October 1 each year. This
year’s premium will remain the same at $165. Your renewal notice will be mailed
soon to your current business address. Failure to pick up or receive
a notice does not excuse the obligation to renew on time. Thanks for your cooperation!
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If you are having trouble registering or using the new online
services, please contact us at (208) 334-3285 or e-mail info@IREC.idaho.gov. We appreciate everyone who has
contacted us to point out “bugs”.
Adobe Flash Player installed? Pop-ups allowed? (There is a wicked hidden pop-up
blocker in the Google toolbar….) Is our e-mail in your junk mail folder? J
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