1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
How Much Does a Georgia Real Estate Broker Bond Cost?
A Georgia real estate broker bond costs between $600 and $6,000. Per state law, real estate brokers must have a $60,000 fidelity bond. Instead of paying the total sum of the bond, you can purchase the bond from a surety company for a bond premium.
We are a trusted surety company that is authorized to serve customers in Georgia. For more than a decade, we have supported our customers with our fast, easy bond process.
Our bond rates range from 1% to 10%. The rate you receive is based on your credit scores, professional resume and financial assets. We work with applicants with all credit scores and provide bonds to over 99% of our customers.
A credit score of 700 or higher qualifies you for a 1% to 3% bond rate. With this score, your Georgia real estate broker bond will cost between $600 and $1,800.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Georgia Real Estate Broker Bond |
$60,000 |
$600 - $1,800 |
$1,800 - $3,000 |
$3,000 - $6,000 |
How to Get a Georgia Real Estate Broker Bond
1. Apply For Your Bond
Setting up your new real estate broker bond is a three-step process when you apply with us. To begin, spend a few minutes completing the short online application.
One of our new customers, Mark, applied for a real estate broker bond with us recently. He was impressed by how fast and easy our process is. After applying online, he got an instant quote from us. Mark made the payment online and got his bond soon afterward.
2. Get Your Bond Quote
Once your application is submitted, it is reviewed promptly. Most of our customers immediately receive a bond quote from us. In the event your application is complex and needs additional review, we will deliver a quote to you within 48 hours.
3. Buy Your Bond
After spending a few minutes looking over your bond quote, you can finalize your purchase by paying the bond premium. You can conveniently make your payment using our online payment portal. Soon after doing so, you will receive your real estate broker bond in your email.
Our bond experts are proud to help you get the bond you need. If you need help with your purchase or have questions, please contact us online or by phone at (877) 514-5146.
Real Estate Broker Bond Requirements in Georgia
Per Georgia Code Section 43-40-22.1 and the Georgia Administrative Code, Rule 520-1, real estate brokers providing community association management services need a fidelity bond. The required bond amount is $60,000.
The real estate broker bond’s obligee is the State of Georgia. The bond is continuous, remaining in full force until it is canceled. To continue providing community association management services, the broker must have an active bond.
To avoid cancellation, you must pay the bond premium annually. We will support you with bond maintenance by contacting you annually with premium payment instructions.
How to Get Your Real Estate Broker License in Georgia
The Georgia Real Estate Commission & Appraisers Board is the authority on real estate broker licensing. To apply for a broker’s license, you must meet these requirements:
- Have a high school diploma or GED
- Be at least 21 years old
- Have been a licensed Georgia real estate salesperson for least three out of the last five years
- Complete 60 hours of approved classes
- Pass the Georgia Real Estate Broker Examination
- Pass a criminal background check
If you have questions about applying for a Georgia real estate broker license, please contact:
Georgia Real Estate Commission
International Tower
229 Peachtree Street, Suite 1000
Atlanta, GA 30303
Phone: (404) 656-3916
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!