Texas Real Estate School Bonds
Texas Real Estate School Bond Information
A Real Estate School Bond is required in Texas for inspected, accredited and approved Real Estate Schools, pursuant to Section 1101.302 of the Texas Occupations Code, the Real Estate License Act. The $20,000 surety bond guarantees compliance with the rules of the Texas Real Estate Commission pertaining to the accreditation along with faithful execution of the duties defined by and the terms Chapter 1101 of the Texas Occupations Code. The surety bond is issued for the benefit of a student who is harmed by the failure of real estate school or its course to meet the obligations attendant to the approval.