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Hawaii Real Estate School Bond

What is the cost of a Hawaii real estate school bond?

A bond is required for all real estate schools and instructors by the Hawaii Department of Commerce and Consumer Affairs. The bond amount varies according to the scope of the real estate service. It is the maximum number of students permitted in a classroom, multiplied by the advance deposit charged per student, multiplied by the maximum number of courses held at any one time during the school’s first year. In no case can the amount be less than $2,000. This bond remains valid until December 31 of even-numbered years (or until the certificate of registration expires), at which you must renew the bond to continue running your business legally.

Since the bond amount varies, we must implement an underwriting process to determine your bond rate. This involves a review of your credit report; the higher your credit score, the lower the rate you pay. Worried about bad credit? We have a bad credit bonding program that enables us to approve 99% of our applicants.

Click here to complete an online application or give us a call at 1 (800) 308-4358 and one of our experts will deliver you a free quote for your Hawaii real estate school bond.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Real Estate School Bond Varies Starts at 1% 4-8% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Call SuretyBonds.com at 1 (800) 308-4358 or fill out an online bond request to begin the bonding process. Our team of surety specialists is happy to walk you step-by-step through the process!

Why do I need this bond?

Real estate school bonds help protect real estate brokers and salespersons from fraudulent or unlawful business services on behalf of their instructors. Should the school or instructor violate a provision outlined in Chapter 467 of the Hawaii Revised Statutes or Title 16, Chapter 99 of the Hawaii Administrative Rules, then this bond can be subject to a valid claim filed by the obligee. Violations include:

  • operating without a valid certificate of registration
  • failing to provide the required continuing education hours
  • offering courses that do not adhere to the commission-approved curriculum
  • certifying students that have not satisfied the required number of hours or passed the final examination
  • failing to be available for student assistance
  • and more

For a detailed list of the requirements for real estate instruction providers, check out the legislation in the “Additional Resources” section.

In the event of a valid claim, the surety must cover the losses and damages incurred upon the obligee. The principal then has to repay the principal the same amount of money in a timely manner.

SuretyBonds.com works hard to ensure customer satisfaction. Apply for a free bond quote online and one of our experts will cater to your personal bonding needs!

How to become a real estate instructor or school in Hawaii

The Hawaii Department of Commerce and Consumer Affairs obligates prelicense real estate instructors to file a surety bond before they can provide legal real estate instruction. The bond amount varies according to the scope of the real estate service, but cannot be less than $2,000. This is a biennial bond, meaning that bondholders must renew this bond before December 31 of even-numbered years if they wish to continue in their profession. In the event of cancellation, the surety must provide the Department of Commerce and Consumer Affairs a 30-day written notice of cancellation. During these 30 days, the surety remains liable for any claims filed against the bond.

What are the licensing requirements?

All prelicense real estate instructors and schools must obtain certificates of registration before commencing operations. The requirements outlined in the application include:

  • applicant’s name, address, phone number & email
  • name of school
  • professional qualifications
  • teaching qualifications
  • prior real estate teaching experience (within 3 years of submitting application)
  • license information (real estate, teacher, other)

For more specific details regarding necessary information for the application, please visit the application for prelicense instructor certification in the “Additional Resources” section.

Remember, you need a surety bond in addition to a certificate of registration. Submit an online application and a surety specialist will contact you with a free quote for your bond!

Ready to get started?

Get a FREE Real Estate School Bond Quote Today!

Additional Resources

Prelicense Real Estate School and Continuing Education Provider Bond Form

Application for Prelicense Instructor Certification

Hawaii Revised Statutes: Chapter 467

Hawaii Administrative Rules: Title 16, Chapter 99 (Real Estate Brokers and Salespersons)

Hawaii Department of Commerce and Consumer Affairs: Real Estate Branch

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