1 (844) 589-9732

The California blanket surety bond is a requirement of the California Department of Real Estate. This bond is required of companies who sale parcels or units of land to members of the public. The surety bond protects buyers, while at the same time allowing the Principal to not have to keep funds received in a separate escrow account. Please call AmeriPro Surety Bonds at 844-589-9732.

California Blanket Surety Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

California Department of Real Estate (DRE); Blanket Subsidy Bond

 

 

 

A blanket surety bond, is referred to by the California Department of Real Estate as form RE 600A.

This surety bond is required places you in compliance with Sections 11013. 2 and 11013.4 of the state’s Business and Professions Code.

The California Real Estate Commissioner will require this bond of you to protect the purchasers of lots, parcels, units, and other interests in a property. This is required so that you are not obligated to hold funds in escrow.

Essentially, what your blanket surety bond will do is to protect the financial interests of purchasers, while at the same time allowing you not to have to maintain the funds in an escrow account.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the California blanket surety bond will include completion of an application — which we’ll take from you over the phone — and undergoing a credit inquiry. Depending on the bond’s amounts, applicants may also be asked to provide a financial statement, tax returns, or bank statements which prove solvency.

To be approved, a good credit profile is crucial; and the standard rate is 1 ½% of your bond’s amount.

When you call us, we’ll ask you the following:

  • Your company name and address, exactly as it should appear on your surety bond. Importantly, we’ll also need to know how long you’ve been in business. If your business structure is an LLC, we’ll need the papers that you’ve filed for those as well;
  • We’ll also need the name address, and social security numbers of any Principals of the company;
  • We’ll also ask about each principal whether or not they own real estate.

After careful review by an underwriter (which may include requests for additional documentation, so please have it ready), approval and payment of your bond, our agency issues it to you immediately.

Upon receipt, you’ll sign your bond as Principal and file it to:

California Department of Real Estate

Subdivision Mail

P.O. Box 137005

Sacramento, CA 95813-7005

You may wish to verify the address to mail your bond to by first calling: 877-373-4542.

 

 

 

Surety Bond Term

 

 

 

Your California blanket surety bond is issued for a one year. Your bond and the premium will renew annually for as long as required by the state of California.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides CA DRE surety bonds required. We are also a provider of license and permit, court, probate, and other surety bonds in California and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

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