Louisiana Real Estate School License Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond Amount and Purpose
Louisiana real estate schools are licensed and regulated by the Louisiana Real Estate Commission (LREC).
In accordance with Chapter 53, §5305, your school must obtain a $10,000 surety bond.
The purpose of the surety bond requirement, according to the statute, is to protect the contractual rights of the students who attend your real estate school. This would be applicable, for instance, in case of a school which goes out of business, engages in fraud, etc.
Qualifying and the Premium
Approval for the $10,000 Louisiana real estate school license bond includes completing and signing a short surety bond application — which we can begin with you over the phone — and undergoing a review of your application by an underwriter.
This underwriter review includes a credit check inquiry.
To be approved by our agency, good and satisfactory credit are required. The approval is a premium of $100 annually.
Upon approval of your real estate school surety bond and payment of the premium, our agency issues your bond to you immediately.
Included with your surety bond – -which we’ll sign as surety — will be a Power of Attorney form.
Upon receipt by you, you’ll sign your bond as Principal. It will be up to the LREC.
Their address is:
Louisiana Real Estate Commission
9071 Interline Avenue
Baton Rouge, LA 70809
Premium Prepayment Options
The premium for your real estate school license bond renews annually on the anniversary of its issuance. Prepayment for your bond for 2 or 3 years lengthens the time between renewals and offers you the following savings:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate and other surety bonds in Louisiana.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…