Louisiana Real Estate Education Vendor Bond Guide
In Louisiana, all real estate education providers offering post-licensing and continuing education must file a surety bond.
Bond Overview
- Purpose: To ensure schools uphold state regulations and student contracts
- Who Needs It: All real estate post-licensing and continuing education providers
- Regulating Body: The Louisiana Real Estate Commission
- Required Coverage: $5,000
- Premium Rate: Credit-based, typically $100
Keep scrolling to learn more about the bonding process.
What Is a Louisiana Real Estate Education Vendor Bond?
A Louisiana real estate education vendor bond protects students from harm if education providers are fraudulent or negligent.
The Louisiana Real Estate Commission (LREC) requires this type of license and permit bond to ensure compliance with state regulations.
How Much Do Real Estate Education Vendor Bonds Cost in Louisiana?
Louisiana real estate education vendor bond premiums are credit-based. Applicants typically pay just $100 for the required $5,000 coverage.
Apply below for your free personalized quote.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Louisiana Real Estate Education Vendor Bond Work?
A Louisiana real estate education vendor bond is a legal contract between three parties:
- Principal: The real estate education vendor purchasing the bond
- Obligee: The Louisiana Real Estate Commission requiring the bond
- Surety: The provider issuing the bond
You, as the principal, promise to uphold the provisions of Louisiana Administrative Code Title 46, Chapter 55.
If you break the bond terms, harmed parties can file claims. The surety will validate and pay claims up to the full bond amount. However, you are ultimately responsible for refunding the surety.
Who Needs a Real Estate Education Vendor Bond?
In Louisiana, all real estate schools offering post-licensing and continuing education must apply for an LREC vendor certification. This includes filing a $5,000 surety bond.
If you provide pre-licensing education, we also offer the $10,000 Louisiana real estate school bond.
How Do I Get a Real Estate Education Vendor Bond in Louisiana?
SuretyBonds.com provides the fastest and easiest way to get a real estate education vendor bond. Just follow these simple steps:
- Apply Online: Fill out the quote request form on this page
- Pay Invoice: Complete your purchase online or over the phone
- Receive Bond: Download your official bond form directly from your email
Upon receipt, sign and file the bond documentation with the LREC.
How Fast Can I Get My Bond?
We process most quote requests in one business day or less. Once you pay the premium, we’ll issue your official bond form via email in minutes.
Apply now to start the bonding process today.
Can I Get Bonded With Bad Credit?
Yes, you’ll likely still be able to get bonded with bad credit. However, poor credit may increase your premium rate.
Learn more about how credit may impact your cost on our Surety Bond Cost FAQ page.
How Do I Renew My Real Estate Education Vendor Bond?
Louisiana real estate school bonds expire annually.
When you work with SuretyBonds.com, we’ll send you reminders and a renewal invoice before your bond expires.
Once you pay the premium, we’ll issue a continuation certificate to keep your bond active for another year. Sign and file the certificate with the LREC.
How to Become a Real Estate Education Vendor in Louisiana
The Louisiana Real Estate Commission requires a vendor certification for all providers offering post-licensing and continuing education.
To apply for certification, complete the application form and attach the following materials:
- Business registration (if applicable)
- Surety bond form
- Owner financial statement
- Letters of reference proving integrity, character and responsibility
- Copy of student contract
- List of primary instructors (include a resume for each non-state certified instructor)
- Payment for the $650 fee
Mail all documents to the address below:
Louisiana Real Estate Commission
9071 Interline Avenue
Baton Rouge, LA 70809
Your courses must meet all state requirements to be approved. The LREC may also conduct an inspection of your facility.
Vendor certifications expire annually on December 31. If you don’t renew on time, you must resubmit an initial application.
