real estate agent/broker bonds

Why This Is Important, Real Estate Agent Bond

If you’re a real estate broker within the State of Massachusetts, it’s required that you have a Massachusetts Real Estate Broker Surety Bond in the quantity of $5,000 by the Massachusetts Board of Registration and Real Estate Brokers before you possibly can get hold of a Broker License. Armed with a background in finance, leisure, interior design, international travel and now luxurious real estate, Jane brings a wealth of knowledge and experience to her clients’ disposal. One client remarked when requested what Jane brings to the desk, quite simply Ms. Bond is the table”. Jane has taken the consumer service experience to next degree concierge luxury standing. Going above and beyond is just the start.

After interviewing a number of agents we selected to work with Angela Bond because she seemed trustworthy, easy and keen to work with us to meet our needs. Her commission was also very reasonable. Our initial impressions were borne out in working with Angela, who worked onerous (she hosted a session with a number of agents to help with pricing and was blissful to have as many open houses as we wished), paid for termite and residential inspections up entrance to facilitate negotiations, was an excellent marketer regardless of our want to not have a for sale” signal, worked with the consumers to negotiate a superb value, and who despite some points within the closing, was all the time on top of things and at all times took a sensible and even-headed approach to issues that invariably arose. We very much appreciated her honesty and integrity as we labored by means of the promoting process, and would extremely advocate her.

Real Estate Agent Bond, An In Depth Look

In case you are a real estate broker in the State of Massachusetts, it is required that you’ve got a Massachusetts Real Estate Broker Surety Bond in the quantity of $5,000 by the Massachusetts Board of Registration and Real Estate Brokers earlier than you can receive a Broker License. The buyer and seller agree on a sales value of $100,000 on a property that has an existing mortgage with a steadiness of $ninety,000. On this case, the customer might put $10,000 down and assume the existing debt underneath a BFD on the similar rate or the next rate that the seller pays.

BOND is moving the agents up to the brand new workplace subsequent week, Freedman mentioned. The surety is the insurance company backing the bond with a monetary guarantee.

Sure. If TREC information don’t show that you have completed your CE on the time you submit your renewal utility, you should pay a $200 CE deferral payment, or renew in inactive standing. Paying the deferral charge allows you to continue to be lively in real estate actions and gives an extra 60 days out of your expiration date to finish your CE.

Out Of State Applicants For A WV Real Estate License Want A Surety Bond

Suzanne Bond’s strong know-how and folks skills, coupled together with her extensive information of the East Finish, make her the proper alternative to fulfill your real estate goals. Gulf Shores is taken into account to be a hidden gem within the Alabama real estate market with its attractive beaches, white sand and an array of inexpensive properties on the market. Apart from a number of waterfront properties, the Gulf Shores real estate market additionally contains homes within golf course communities resembling The Peninsula, Craft Farms, and Kiva Dunes.

Have you ever had to take care of employee dishonesty in your real estate enterprise? Inform us what steps you took by leaving us a comment below the article.

What Companies Need To Know About Real Estate Agent Bond

When there are giant sums of money involved, there’s often fraud concerned. By possessing an Massachusetts Real Estate Broker Surety Bond , you might be telling your Obligee which you could be trusted as a Principal and that you simply stand behind your corporation decisions.