Texas Real Estate Inspector Bond

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Bond Penalty: $100,000

Pursuant to statute and the Texas Real Estate Commission (TREC), "a real estate inspector is a person who is licensed to perform an inspection of a property that is the subject of a real estate transaction." There are three levels of licensee, each corresponding the the experience and qualifications of the inspector. One of the license requirements for each class is a Texas real estate inspector bond, or equivalent professional liability insurance. The TREC defines these levels and basic requirements of each, published on its web portal.

Apprentice Inspector - An entry level license. An Apprentice Inspector is required to train under the direct supervision of a Professional Real Estate Inspector. After gaining experience under this supervision and completing certain educational requirements, an Apprentice Inspector can sit for the the exam to become a Real Estate Inspector.

Real Estate Inspector - An intermediate level license. To obtain this license, an applicant must be an Apprentice Inspector and meet certain experience and educational requirements while working as an Apprentice Inspector and pass an exam. A Real Estate Inspector is also required to work under the indirect supervision of a Professional Real Estate Inspector.

Professional Real Estate Inspector - The highest level of inspector license available in Texas. To obtain this license, an applicant must be a Real Estate Inspector and meet certain experience and educational requirements while working as a Real Estate Inspector and pass an exam. A Professional Real Estate Inspector is not required to be sponsored by another license holder to perform real estate inspection.

The $100,000 Texas real estate inspector bond must run to the the Commission. The obligation must respond to the liability arising from the performance of a real estate inspection in a negligent or incompetent manner. The surety bond must be reported on the Commission's unique certificate which expires on the same date as the surety's bond, if not continuous in nature. An inspector renewing a license is required to file a new certificate with the Commission no later than fifteen (15) days after this after an expiration if any.

Contact information for the TREC is:

EMAIL: information@trec.texas.gov
PHONE: 512.936.3000
MAIL: Texas Real Estate Commission
P.O. Box 12188
Austin, TX 78711-2188

Texas surety bond leader, Surety One, Inc. is a specialist in the bonding needs of the real estate and new home building industries. We offer both the surety and fidelity bonds required of these professionals in ALL fifty states, Puerto Rico and the U.S. Virgin Islands. Call us at (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for live chat to purchase a Texas real estate inspector bond or information on ANY surety bonding need.

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