Question

Which of the following statements is correct regarding REP's and their insurance for the motor vehicle used in their Real estate practice?

A) They should review their vehicle insurance fro sufficient coverage
B) They should advise their insurer regarding their business use of the vehicle
C) They may need to give the brokerage the details of their vehicle insurance
D) All of these statements are correct

Answer 1

The correct answer is D) All of these statements are correct.

Step-by-step explanation:

The correct answer is D) All of these statements are correct. When it comes to insurance for motor vehicles used in real estate practice, there are several key considerations for real estate professionals. First, they should review their vehicle insurance to ensure they have sufficient coverage. Second, they should advise their insurer regarding their business use of the vehicle, as this may impact their coverage. Finally, they may need to provide their brokerage with the details of their vehicle insurance. All of these statements are correct and important for real estate professionals to consider regarding their motor vehicle insurance.