National Real Estate Exam Quiz
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REAL ESTATE PRACTICE
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A brokerage's Errors and Omissions (E&O) policy includes a 'per claim' deductible and a 'per claim' limit. An agent at the firm makes the same error in calculating square footage on three separate listings for three different sellers. All three properties are sold to different buyers, who later discover the error and each file a separate lawsuit against the brokerage for damages.
How will the brokerage's E&O policy likely treat these three lawsuits for the purposes of the deductible?
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