Real Estate Broker Bond Guide
Real estate brokers in Massachusetts, New Hampshire and Oregon need a surety bond as part of the licensing process. Learn how they work and get a free quote with this guide.
Bond Overview
- Purpose: To protect buyers and sellers from financial harm if a real estate broker breaks state licensing laws
- Who Needs It: Individuals and companies that broker real estate transactions in select states
- Premium Rates: Typically 1–3% of the bond coverage amount
What Is a Real Estate Broker Bond?
Real estate broker bonds guarantee the money and property turned over to an agent or broker in a real estate transaction are accounted for truthfully. Some state governments require real estate brokers to be bonded before issuing a professional license.
SuretyBonds.com is licensed to issue real estate broker bonds in every state. As the nation’s top surety provider, we offer the best service, fastest delivery and most affordable prices for real estate broker bonds. We also offers exceptional service for mortgage broker bonds.
How Do Real Estate Surety Bonds Work?
A real estate broker bond serves as a legal contract binding three entities together:
- The principal is the broker working between the buyers and sellers of real estate.
- The obligee is the government agency requiring a real estate broker to get bonded.
- The surety is the insurance provider issuing and backing the bond.
Real Estate Broker Bond Costs by State
Bond amounts and regulations surrounding real estate licenses are established on the state level. Therefore, bond costs vary from state to state.
Select your location below for more information about real estate bonds in your area:
How to Get Your Property Broker Bond
SuretyBonds.com provides a quick and easy bonding process for real estate brokers:
- Step 1: Once you know the exact bond you need, purchase it online or by calling our office.
- Step 2: Pay for your bond. We offer convenient payment options.
- Step 3: Receive your bond. Depending on your state's requirements, we'll ship you a physical document set or e-mail you a digital document to file.
Can I Get a Real Estate Broker Bond Without a Credit Check?
Yes! This type of surety bond does not require underwriting, meaning you can get bonded without a credit check.
