The Texas Real Estate Commission requires the Texas Real Estate School Bond.
The Real Estate Commission requires the Texas Real Estate School Bond to be on file and in the amount of $20,000 with a one year term. However, the bond will not cost $20,000 to obtain. The bond states that the bond holder will faithfully perform their duties and comply with the Texas Occupations Code, as well as and the rules of the Texas Real Estate Commission. While this might sound like a license, it is not. Surety bonds serve as a form of consumer protection. They do not replace a license or insurance.
This bond is required in order for real estate schools to legally be allowed to operate. It ensures the real estate school will practice lawfully and in accordance with all rules and regulations that pertain to them. This is important because it makes real estate schools financially accountable for their actions. Because of this bond, if real estate schools financially harm or deceit students, a claim can be placed on the bond and the student can seek compensation.
How to Obtain a Texas Real Estate School Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Surety Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.