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The Surety Bond Blog

Category Archives: Real Estate Bonds

Information on surety bonds required of real estate agents and brokers to operate legally.

11
Apr
2012

Pennsylvania Real Estate Appraisal Management Company Bond

Real estate appraisal management companies need a surety bond in order to operate legally in Pennsylvania thanks to a new bill. Titled HB 398, the bill requires real estate appraisal management companies to obtain a $20,000 surety bond. The State Board of Certified Real Estate Appraisers is allowed to require a varying bond amount if read more »




12
Mar
2012

Kentucky Real Estate Appraisal Management Company Bond

Real estate appraisal management companies in Kentucky now must obtain a surety bond in order to operate legally because of a new law. The new law is named HB 288 and requires real estate appraisal management companies to acquire a bond in an amount that will be established via regulations; but it will not be read more »




11
Jan
2012

Nebraska Real Estate Appraisal Management Company Bond

New surety legislation was recently enacted in Nebraska. The new legislation is named LB 410 and concerns real estate appraisal management companies; they are now required to acquire a $25,000 surety bond in order to obtain a license. The surety bond must be from a state licensed bonding company. The bond must also stay in read more »




10
Dec
2011

Surety Bonds for Real Estate Brokers

Perspective homeowners know understanding homeownership lingo can be an all-consuming job in itself. Buyers have to navigate through terms such as FHA, escrow and adjustable rate mortgages, on top of finding their dream home. While many choose to lead the effort on their own, some prefer to have professional guidance through a mortgage broker. However, read more »




03
Sep
2011

Alabama Real Estate Appraisal Company Bond

Alabama real estate appraisal management companies have new legislation to abide by. The new law is titled SB 320 and requires real estate appraisal management companies to obtain a $25,000 surety bond to guarantee the company’s compliance with state law. SB 320 states that the surety’s aggregate liability can’t surpass the sum of the bond. read more »




09
Aug
2011

Iowa Real Estate Closing Agent Bond

Real estate closing agents must abide by new legislation in the state of Iowa. The Iowa Banking Division has modified its regulations to enact SB 2348 (2010). SB 2348 requires real estate closing agents to obtain a $25,000 surety bond in order to be licensed with the state but the Superintendent of the Division of read more »