Real Estate School Bond
Those in the business of real estate education must hold a Real Estate School bond in order to guarantee that the tuition and other relative fees paid by the students or their sponsors to the school are handled responsibly and used solely for the benefit of the student. These bonds exist in order to prevent consumers from facing unethical or unprincipled acts of business. Texas real estate school bonds are put in place to These bonds also ensure that all students enrolled in the education program receive the education contracted and promised. If the school ceases to operate for any reason, including suspension, bankruptcy, foreclosure or revocation, the principal (school) must reimburse each student for such loss and can do so with the surety bond.
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