How much does a real estate broker or salesperson bond cost in West Virginia?
The West Virginia Real Estate Commission requires real estate brokers or salespersons to submit $2,000 surety bonds to conduct business within the state.
SuretyBonds.com issues these bonds instantly for just $100! Simply click Buy Now to visit our secure bond checkout where you can buy your bond directly from our site. It only takes a few minutes to be on your way to being bonded as a real estate broker or salesperson in West Virginia.
|Bond Type||Bond Amount||Cost|
|$2,000 Real Estate Broker or Salesperson Bond||$2,000||$100|
Why do I need this bond?
West Virginia real estate broker surety bonds ensure that principals (real estate brokers/salespersons) conduct business according to the provisions of Chapter 30, Article 40 of the Code of West Virginia. If the broker or salesperson violates any of these terms, the bond protects harmed parties from financial loss incurred by the principal’s actions.
What’s the fine print?
West Virginia real estate broker bonds remain in effect for the entire term of the broker’s license. If the applicant does not remain compliment with Chapter 30, Article 40 of the Code of West Virginia, the bond will become void.
How to become a real estate broker in West Virginia
In addition to obtaining a surety bond, West Virginia real estate brokers and salespersons must meet a specific criteria to become licensed:
- Submit completed application
- Provide recommendations from at least two references
- Minimum 18 years old
- Possess clear record indicating if he or she has been convicted of any criminal offense or has any criminal charge pending at time of application
- High school graduate or hold equivalent diploma
- Submit to state and national criminal history record check
- Furnish a set of fingerprints
The applicant must also complete the required education course and pass the examination provided by the commission.
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