North Carolina Real Estate School Bonds
North Carolina Real Estate School Bond Information
The North Carolina Real Estate Commission requires a Private Real Estate School Performance Bond to ensure the bonded principal carries out and complies with all contract or agreement, written or verbal, made with students and entered into by the principal’s school. The surety bond ensures that the real estate school operates in accordance with the provisions of G.S. 93A-36 and refunds to any student all amounts collected in tuition and fees in case of failure on the part of the bonded school to open and operate a private real estate school or to provide the agreed upon instruction.