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TREC Form ED5-2 Real Estate School Bond - Texas
What Is TREC Form ED5-2?
This is a legal form that was released by the Texas Real Estate Commission - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is the purpose of TREC Form ED5-2?A: TREC Form ED5-2 is used for the Real Estate School Bond in Texas.
Q: What is a Real Estate School Bond?A: A Real Estate School Bond is a type of surety bond that guarantees the performance and obligations of a real estate school.
Q: Why is a Real Estate School Bond required in Texas?A: A Real Estate School Bond is required in Texas to protect students and ensure that the real estate school operates in compliance with state laws and regulations.
Q: Who needs to obtain a Real Estate School Bond in Texas?A: Real estate schools operating in Texas are required to obtain a Real Estate School Bond.
Q: How much is the bond amount for a Real Estate School Bond in Texas?A: The bond amount for a Real Estate School Bond in Texas varies and is determined by the Texas Real Estate Commission (TREC).
Q: How long is a Real Estate School Bond valid in Texas?A: A Real Estate School Bond in Texas is typically valid for one year from the effective date.
Q: Can the bond be cancelled or terminated?A: Yes, the bond can be cancelled or terminated by the surety company providing the bond, but proper notice must be given to both the real estate school and the Texas Real Estate Commission (TREC).
Q: What happens if a claim is made against the Real Estate School Bond?A: If a valid claim is made against the Real Estate School Bond, the surety company will investigate the claim and may provide financial compensation up to the bond amount.
Q: Are there any other requirements for real estate schools in Texas?A: Yes, real estate schools in Texas must also comply with other requirements set forth by the Texas Real Estate Commission (TREC), such as maintaining a current financial statement and providing proof of liability insurance.
Form Details:
- Released on June 20, 2016;
- The latest edition provided by the Texas Real Estate Commission;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of TREC Form ED5-2 by clicking the link below or browse more documents and templates provided by the Texas Real Estate Commission.
