Do both real estate brokers and salesmen need to be bonded?
I have been paying on a bond for many years since I first began in real estate. Someone said to me that I didn’t need it. The big reason I am asking is that the cost of it went from $45.00 last year to $126.00. Thank you very much for your assistance in these matters. A. This is an individual who has a broker’s license but acts as an agent in a firm they do not own or are the Broker of record for. Real Estate Licensees with a brokers license need to be bonded. If you are a broker, affiliated with an office you do not own, you still must obtain a bond to renew your license.
