Which organization is responsible for administering errors and omissions insurance for REALTORS in New Brunswick?

The New Brunswick Real Estate Association is the organization responsible for administering errors and omissions insurance for REALTORS in New Brunswick. This type of insurance is crucial for real estate professionals as it protects them against claims of negligence or inadequate work, which can arise in the course of their business dealings.

The New Brunswick Real Estate Association plays a critical role in advocating for the interests of real estate professionals, providing necessary training and resources, and ensuring that REALTORS have access to essential insurance coverage to safeguard their practice. By managing this insurance, the Association helps to ensure that its members are adequately protected and can operate confidently in the real estate market.

In contrast, the other organizations mentioned play different roles that do not include the direct administration of this insurance. The Department of Justice encompasses various legal and procedural matters but does not focus primarily on real estate practice. The Canadian Real Estate Association provides national support and guidance but doesn't administer provincial insurance programs. Local real estate boards typically focus on local market issues and member services rather than on overarching insurance matters for REALTORS.