Massachusetts Real Estate Broker | $5,000 Real Estate Broker Surety Bond

Also known as: real estate broker bond

Type of Bond

A Massachusetts real estate broker bond is a type of surety bond required by the Massachusetts Board of Registration of Real Estate Brokers and Salespersons for individuals or businesses operating as real estate brokers within the state. It serves as a financial guarantee that the bonded party will comply with the laws, regulations, and obligations related to real estate brokerage activities. The purpose of the Massachusetts real estate broker bond is to protect the interests of the public and ensure the ethical and professional conduct of real estate brokers. It provides assurance that the bonded party will operate in accordance with the real estate licensing laws, follow fair business practices, and handle client funds and transactions with honesty and integrity. By obtaining the bond, the bonded party agrees to fulfill their responsibilities as outlined by the Board of Registration of Real Estate Brokers and Salespersons. This may include obtaining the required license, maintaining accurate records of transactions, acting in the best interest of clients, and adhering to the ethical guidelines and standards of the real estate industry. If the bonded party fails to meet their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows affected parties or the Board of Registration of Real Estate Brokers and Salespersons to seek financial compensation for any damages, losses, or non-compliance issues incurred as a result of the bonded party's actions. The bond is typically obtained through a surety bond company. The surety assesses the financial stability and credibility of the bonded party before issuing the bond. The bond amount is determined based on factors such as the volume of real estate transactions, the specific requirements set by the Board of Registration, and the applicant's history and qualifications as a real estate broker. It's important to note that the specific requirements for a Massachusetts real estate broker bond may vary depending on the regulations set by the Board of Registration of Real Estate Brokers and Salespersons. Real estate brokers in Massachusetts should consult with the Board or a surety bond provider to understand the specific bond requirements applicable to their operations.


Program

The price you'll pay for your $5,000 Real Estate Broker 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 Broker 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 Broker 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 Broker Bond Application process.

The Massachusetts Real Estate Broker Bond amount is currently set at  $5,000.

Obligee Information

An obligee is the entity that is requiring you to have the Real Estate Broker bond.

Obligee: Massachusetts Board Of Registration Of Real Estate Brokers And Salesmen
Street: Ten Park Plaza #5170
State: Massachusetts
Zip: 2116