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Re: Bond insurance...see F.S. 117.225(7) AND (7)
Posted by Linda_H/FL of FL on 1/16/21 2:34pm Msg #628577
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.

http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0117/0117.html


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Messages in this Thread
 Bond insurance - Virgilemobil on 1/16/21 11:21am
 Re: Bond insurance - Luckydog on 1/16/21 1:50pm
 Re: Bond insurance...see F.S. 117.225(7) AND (7) - Linda_H/FL on 1/16/21 2:34pm
 Oops....see F.S. 117.225(7) AND (8) n/m - Linda_H/FL on 1/16/21 2:39pm
 Bah humbug...(6) and (7)...LOL n/m - Linda_H/FL on 1/16/21 2:57pm
 Re: Bond insurance...see F.S. 117.225(7) AND (7) - Luckydog on 1/16/21 9:20pm



 
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