Bail bonds is a $2 billion a year industry. Although not many people decide from the start they want to become a bail bondsman, the industry has been growing at a rate of 0.9% per year.
If you’re thinking of becoming a bail bond agent, your new career could be a great way to make a living.
Read on to learn what it takes to become a bail bond agent.
Become Familiar With Your State’s Regulations
The first thing you need to do when you want to become a bail bondsman is to familiarize yourself with the regulations of the state where you reside. Each state has its regulations when it comes to private bonds.
For example, Wisconsin, Oregon, Illinois, and Kentucky, have regulations against private bonds. If your state allows for private bonds, the next thing you need to figure out what the next steps are.
Determine If You’re Eligible
Although some specific requirements vary from state to state, the general requirements tend to be the same.
For starters, if you want to become a bail bondsmen, you need to be at least 18 years old. Most states ask that potential candidates have completed high school or a GED.
Candidates must also take a pre-licensing course to prepare them for the state licensing exam. Because they must have access to all of the financial resources, some states require the sponsorship of a surety company.
Take a Course or Necessary Requirements
Although a general education is often required, some states also require a pre-licensing course in order to learn all of the basics. During this course, candidates learn introductory material on the principles, laws, practices, and everything else they need to get them started.
Taking the course is essential for those who plan on taking the licensing exam.
State Licensing Exam
Once candidates have completed the pre-licensing course, they can take the licensing exam. They must bring proof they have completed the pre-licensing course before registering for the exam.
Some states also require candidates to have paid for a fingerprint submission before they take the exam.
Most states charge a fee of about $40 to $100 to take the multiple-choice exam.
The exam is around 50 to 60 questions and has to be completed in an hour.
Obtain Your State License
After the candidate has passed the exam, they can apply to obtain their state license.
It requires them to complete the standard application for that particular state. They must also submit payment for the licensing fee, exam scores, and surety company sponsorship.
Start Your Career as a Bail Bondsman
Once all of the steps have been completed, the best way for them to start their career is for them to join a season bail bondsman company to gain experience and establish connections.
Becoming a Bail Bond Agent: The Bottom Line
Becoming a bail bond agent is a doable task that can lead to a successful and long career. In order to become a bail bond agent, you need to meet the requirements, take a pre-licensing course, and take the licensing exam.
Are you seriously considering becoming a bail bond agent? Click here to apply today.