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Re: Bond insurance...see F.S. 117.225(7) AND (7) Posted by Linda_H/FL on 1/16/21 2:34pm
You need a $25,000 bond and $25,000 E&O to do RON closings. And your current E&O insurer should be able to extend your E&O for another year but your RON commission will expire with your regular commission. If you don't want to wait and do them all at once I'm sure you can find a company to issue you a one-year $25k bond...they might sell that right here.