If you are engaged as a Real Estate Broker in New Mexico you are required by the State of New Mexico Real Estate Commission to file a New Mexico Real Estate Broker Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The New Mexico Real Estate Broker Bond holds you accountable for your business decisions. By possessing a New Mexico Real Estate Broker Bond, you are telling your Obligee that you can be trustedas a Principal and that you stand behind your business decisions.Our Free 24 Hour Quote ProcedureHow to cut down the approval process and keep your cost low:
1. Our applications are all that's usually needed to get you a price.
2. Occasionally, more information is needed. If so, we will contact you within 24 hours.
3. If you have credit issues, approvals might need an additional day.
4. We never require an application fee. All quotes are 100% free.
5. Bond approvals, like loans, are based on personal credit, financial strength of the owner, bond amount and type of bond. The more information you provide, the better chance you have of getting the lowest available price and a faster approval.