Massachusetts Real Estate Broker Bonds
Massachusetts Real Estate Broker Bond Information
A Real Estate Broker Bond is required in the Commonwealth of Massachusetts for those licensed to engage in the business of Real Estate Broker as defined in Chapter 112 of the General Laws. The bond is mandated by the Board of Registration of Real Estate Brokers and Salesmen and it requires ethical and proper accounting for all funds entrusted to the bonded principal in the capacity of real estate broker. Anyone aggrieved by an act of the principal violating of the provisions of Chapter 112 of the General Laws may seek recourse against the surety bond and the principal.