California Prepaid Rental Listing Service Bond Guide
If you want to list residential properties available for rent in California for a fee, you’ll need to file a surety bond with the state. Learn all about the bonding process in this guide.
Bond Overview
- Purpose: To protect the public from misrepresentation and fraud
- Who Needs It: All PRLS companies operating in California
- Regulating Body: The California Bureau of Real Estate
- Required Coverage: $10,000
- Premium Rate: $250
What Is a California Prepaid Rental Listing Service Bond?
A California prepaid rental listing service (PRLS) bond is a type of license bond required to open a PRLS service in the state.
The bond protects the public from potential fraud and misrepresentation by offering an option for financial recourse for harmed individuals.
How Much Do PRLS Bonds Cost in California?
You can get your $10,000 prepaid rental listing bond for a flat rate of $250. No credit check or application required!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Prepaid Rental Listing Service Bond?
Under Section 10167.7 of the Business and Professions Code, any prepaid rental listing service in California must file a $10,000 surety bond per location with the Bureau of Real Estate.
A PRLS includes any business that connects potential tenants with rentable residential properties for profit.
How Does a California Prepaid Rental Listing Service Bond Work?
As with all surety bonds, this type of bond creates a legal contract binding three parties:
- Principal: The corporation filing the bond
- Obligee: The California Bureau of Real Estate requiring the bond
- Surety: The provider issuing the bond
As the principal, you are financially responsible for conducting business according to state code. Any breaches of this contract may result in claims, which you are responsible for reimbursing.
How Do I Get a Prepaid Rental Listing Service Bond in California?
You can purchase your PRLS bond instantly online. Simply enter your information and checkout in minutes.
We’ll mail the bond form for you to sign and file with the Bureau of Real Estate, PRLS Unit.
How Fast Can I Get My Bond?
You can get your PRLS bond as soon as tomorrow by purchasing now and selecting next-day shipping.
If you purchase on the weekend, we will ship on Monday or the next business day.