Massachusetts Real Estate Agent | $5,000 Real Estate Agent Surety Bond
Also known as: real estate agent bond
Type of Bond
A Massachusetts real estate agent bond, also known as a real estate broker bond or real estate salesperson bond, is a type of surety bond required by the Massachusetts Board of Registration of Real Estate Brokers and Salespersons for individuals working in the real estate industry. It serves as a financial guarantee that the bonded real estate agent will comply with state laws, regulations, and ethical standards while conducting real estate activities. The purpose of the real estate agent bond is to protect clients and the public by ensuring that the bonded agent operates with integrity, professionalism, and adherence to industry standards. It provides recourse for individuals who may suffer financial harm or damages resulting from fraudulent activities, misrepresentation, or violations committed by the bonded real estate agent. By obtaining the bond, the bonded real estate agent agrees to fulfill their obligations, which may include accurately representing properties, handling client funds responsibly, maintaining appropriate licenses and permits, and complying with all applicable laws and regulations. If the bonded real estate agent fails to meet these obligations or violates the terms of the bond agreement, a claim can be filed against the bond, allowing affected parties to seek financial compensation for damages or losses. The real estate agent bond is typically obtained through a surety bond company. The surety bond company assesses the financial stability and credibility of the bonded agent before issuing the bond. The bond amount is determined by the Massachusetts Board of Registration of Real Estate Brokers and Salespersons and may vary based on factors such as the size of the real estate agency and the potential financial risks associated with the agent's activities. It's important to note that a Massachusetts real estate agent bond is specific to the regulations and requirements set by the Massachusetts Board of Registration of Real Estate Brokers and Salespersons. Real estate agents and brokers in Massachusetts are required to obtain this bond to demonstrate their financial responsibility, compliance with regulations, and commitment to consumer protection while conducting real estate transactions.
Program
The price you'll pay for your $5,000 Real Estate Agent Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $5,000 Real Estate Agent Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $5,000 Real Estate Agent Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Real Estate Agent Bond Application process.
The Massachusetts Real Estate Agent Bond amount is currently set at $5,000.
Obligee Information
An obligee is the entity that is requiring you to have the Real Estate Agent bond.
For your convenience you can view a sample copy of the Massachusetts Real Estate Agent Bond Form.
Obligee: Massachusetts Board Of Registration Of Real Estate Brokers And Salesmen
Street: Ten Park Plaza #5170
State: Massachusetts
Zip: 2116
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!