Real Estate School bond cost
The Louisiana Real Estate Commission requires real estate schools to post a $10,000 surety bond. The cost for this type of bond is based on underwriting consideration, which includes a review of the applicant’s credit report. Applicants with strong financial credentials could pay just $100 for their bond.
Why this bond
The Louisiana real estate school bond exists to protect students of the school from fraudulent practices. For example, this bond ensures tuition will be reimbursed if the school closes unexpectedly or issues faulty certifications or degrees.
Real estate school bond details
For more information on real estate school surety bonds in Louisiana, contact an expert surety specialist now. You could pay as little as $100 for the bond you need.
- The school’s official name and address must be listed on the bond form.
- Real estate school bonds in Louisiana are continuous until canceled.
Become a real estate school
Real estate schools in Louisiana must be licensed with the state’s Real Estate Commission. In addition to the bond and application, other licensing requirements include, but are not limited to:
- financial statements
- reference letters
- proposed student contract
- list of instructors
- $650 fee payable to the Louisiana Real Estate Commission
- registration certificate or certificate of authority
Apply for your surety bond
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