License & Permit
Real Estate School Bond
A bond a private real estate school files with the state real estate commission to get a license to teach licensing courses.
- Required by
- State real estate commissions, such as the Alabama Real Estate Commission
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond protects students. In Alabama it is payable to the Alabama Real Estate Commission as trustee and covers refunds of tuition and fees owed to a student who suffers loss from the school's breach of contract, fraud, or misrepresentation.
Who needs it
- Private real estate schools
- Online real estate education providers
- Real estate brokerages that run prelicense courses
What the underwriter looks at
- Owner credit
- Number of students and tuition collected
- School's operating history
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
How much is the Alabama bond?
The Alabama Real Estate Commission's bond form sets the amount at $20,000, under Alabama Code 34-27-6. The surety's total liability over all years cannot exceed the bond amount.
What can a student claim for?
In Alabama, only refunds of tuition and fees owed to a student who was harmed.