Those engaged in the development of lots or parcels of subdivided lands for sale to the public or contractors are required under the California Code of Regulations Sections 2812.4 to file a California DRE Subsidy Bond as a condition of licensure.
Bonds Express offers a California DRE Subsidy Bond with a 99% approval rate.
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 California DRE Subsidy Bond holds you accountable for your business decisions.
By possessing a California DRE Subsidy Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.