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How much money does a bail bondsman earn?


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Answered 2009-08-01 09:12:53

They are genrally not on a salary but make a commission on the business they bring to the company. many are small companies that are essentially owned by the bondsman, who then makes a living on the profit of the bonds, minus expenses (which are numerous and include paying off on those that skip), he manages to write.

There are two types of bail bond agents. One is the professional bonding company and the second are bail agents who work for a surety company. Bail agents can collect as much as 10% in most states. We sign a document guaranteeing the bail or the defendant Once defendant is sentenced the case is considered over. In PA Professional bail agents can only charge 5% and surety agents charge 7%. The surety company allow and agent to work in all counties and states while a professional agent must be licensed in each county. So in PA i am working on getting a surety license even though I am licensed as a professional agent in 5 counties. This will allow me to work state and nationwide. However the extra 2%in PA gets paid to the surety company. The surety company is similar to an insurance company they just insure bails. We get paid when we write bonds and collect our percentages. I have the defendant's family sign documents for collateral purposes I only accept collateral like homes or expensive cars if the bails are small enough. Once I put a lean on a person the bail is then 85% safe as most people will not sign for someone they do not trust and the fear of thinking they may lose their home is enough in 99% of the cases. So a good agent with a good system can make a lot of money but an agent that has a bad system can be broke and working another career fast.

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How much money does a bail bondsman earn in a year?

90000


What is the purpose of bail bondsmen?

When a person has been arrested for a crime, a bail bondsman offers money to the court so that the defendant can remain free until their trial. A bail bondsman will often charge a percentage of the bail. Not all who have been arrested will require bail, as some are deemed too dangerous or too much of a flight risk.


How does a bail bondsman earn money?

In much the same way as an insurance company earns money. A bail bond is basically an insurance contract paid for by an arrested person to get out of jail before trial. The person pays a premium for the bond based on the amount of the bond. If the person shows up for trial, the bondsman keeps the premium. But, if the person skips town the bondsman will have to forfeit the entire amount of the bond to the state of federal government. It works like life insurance only instead of the insurer/bondsman paying the face amount of the policy on the death of the insured, the bondsman pays it on the faiure of the person to show for trial.


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How much of the 10 percent does the bail agent give the bonding company?

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How much is the lowest amount is 32000 with bail bondsman?

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