What is the primary purpose of the Real Estate Insurance Alliance (REIA)?

• A. To regulate real estate licensing
• B. To certify appraisers
• C. To manage property taxes
• D. To provide group liability insurance for members

Answer: (D)

The main idea here is risk management through a group insurance program. Real estate professionals face potential liability from clients and transactions, so belonging to an alliance like REIA is about providing affordable, comprehensive group liability insurance and related risk-management resources for its members. This helps members secure coverage, manage claims, and access risk-reduction guidance as part of a shared, collective plan.

Regulating real estate licensing, certifying appraisers, and managing property taxes are functions typically handled by government bodies or separate professional boards, not by an insurance alliance. Those activities are about oversight, credentialing, and taxation, whereas REIA’s primary role is to offer insurance protection for members.