Need Information on Real Estate Broker Bonds?
If you’re looking for information about real estate broker bonds, you’ve come to the right place. To make the bonding process simpler and less stressful, the experts at SuretyBonds.com have created this guide just for you! Get in touch with these experts by calling 1 (800) 308-4358 or submit an online contact form for a free bond quote.
State Specific Costs by State
Bond costs and requirements vary greatly by state as the bond amounts and regulations surrounding each license are established on a state level. Select your state below for more information about Real Estate Broker Bonds in your area or call 1 (800) 308-4358 to speak with a surety expert.
Don’t waste your time shopping around. We can save you money
At SuretyBonds.com, we know you don’t have time to waste when it comes to getting a bond. You don’t have to shop around with countless surety companies to find the best rate; we do all the work for you! As a broker agency, we shop your bond around with trusted insurance companies to make sure you get the best rate possible. SuretyBonds.com works with exclusive insurance underwriters, which means our specialists have access to some of the lowest surety bond rates in the market.
Get a real estate broker bond with no credit check
Because this type of surety insurance involves limited risk, it’s typically freely written. This means you can get your real estate agent surety bond without having to undergo a credit check! Our account managers are licensed to issue surety bonds in all 50 states, so we can help you no matter where your business operates. We even guarantee to give you a price quote within one business day of your application.
Why do I need a real estate broker bond?
Many states require real estate brokers to file surety bonds with a licensing agency before they can get their professional licenses. These types of bonds guarantee money and property turned over to an agent and/or broker in a real estate transaction is accounted truthfully. SuretyBonds.com also offers exclusive information on mortgage broker bonds.
How do surety bonds work?
Each real estate broker bond issued is a legal contract that binds 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 company that backs the bond with a financial guarantee.
Before applying for a bond, you should check with your state, county and city government agencies to verify bonding requirements. If you have questions about the bond you need or the surety bond application process, contact a surety specialist online!