If you are engaged in the operation of a real estate school in Pennsylvania, you are required under the Real Estate Licensing and Registration Act of February 19, 1980 as amended to file a Pennsylvania Real Estate School 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 Pennsylvania Real Estate School Bond holds you accountable for your business decisions.
By possessing a Pennsylvania Real Estate School Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.