Eremo's Island is a small island located south-east of Edron on which Eremo lives. To access the island, go to Cormaya and from there ask Pemaret (the ship captain) to take you to Eremo (it is free to travel from Cormaya to Eremo's Island).
Eremo sells Amulets of Loss for 50,000 gp, Protection Amulets for 700 gp and the blessing called The Wisdom of Solitude. Furthermore, he buys Broken Amulets for 50,000 gp. Eremo can also teach spells to promoted players, one spell for each vocation.