Real Estate Closing Agent Bond
A real estate closing agent bond is a form of insurance that closing agents purchase to protect their clients. The surety bond ensures that the agent will comply to laws pertaining to closing on a property and that he or she will handle money and paperwork ethically. The bond also protects the client from fraudulent actions by the agent.
Before real estate agents purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.