Texas real estate schools offer Commission-approved training for real estate agents, brokers, and others in the real estate profession.
The Texas Real Estate Commission (TREC) is the overseer for real estate schools.
TREC is also the obligee, that is, the entity which requires the Texas real estate school bond as a prerequisite for licensing.
The Texas real estate school bond costs you only $200, annually; 1%. There is no credit check for this bond. What this means for you is that after the completion of a short surety bond application -- which we'll take from you over the phone --- and payment of the premium, this bond is issued to you immediately.
Once issued the bond is active for one year from the date of issuance. Additionally, this bond may be pre-paid for up to 3 years. Prepayment, besides lengthening the time between renewals, offers you a savings over year to year renewals.
The breakdown --- and savings --- for prepayment of this bond are as follows:
Your real estate school bond serves one main purpose: The bond serves as a financial indemnification for persons who are harmed by a licensed Texas real estate school. That harm may take the form of theft, fraud, criminal malfeasance, or any failure to of the real estate school to perform its duties as required under licensing by the Commission.
The harm may be committed by anyone related to the real estate school, including employees, or officers and owners of the educational institution.
Real estate schools are required to purchase a $20,000 Texas real estate bond.
Once purchased, the bond, along with other licensing requirements will be filed with:
Texas Real Estate Commission
P.O. Box 12188
Austin, TX 78711
AmeriPro Surety Bonds is a surety bond-only agency which provides license and permit, contract, fiduciary, and court bonds throughout Texas.
Our agency also provides surety bonds nationwide.