answersLogoWhite

0


Best Answer

90000

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much money does a bail bondsman earn in a year?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much is the typical salary of a bail bondsman?

"A typical salary of a bail bondsman is about $55,000. They deal with people who are criminals and are bonded out of jail and put back in jail. This is not the type of job that everyone would like to do."


How much does bail bondsman pay court?

Nothing. the court gets no money from bondsman. At least not here in california. We only pay the court for summary judgments. When the bond is forfeited and we must pay the bond. And usual court fees, but that's it.


What is the role of a bail bond agent?

A bail bond agent is a person or corporation that will act as a surety and pledge for money or property as bail for the appearance of an accused person in court. However, this is a less common type of surety, banks and insurance companies usually play the role of sureties.


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

There are several types of bail agents or bondsmen as they are commonly called. The most common bondsman works unders a surety (insurance) company. They are licensed insurance agents. The bondsman will pay any where from 10 to 20% of the bail bond premium fee , ( the 10% of the face value of the bail bond), they collect from a client, to their surety company. In other words, the bondsman gets to keep 80 to 90 percent of the bail bond premium fee they collect. The rest goes to the surety company. Another type of bondman is a professional of property bondsman. In this case the bondsman pledges real property with the state of county that they wish to operate in, as collateral to gaurantee that they can pay off any bond they write if the defendant skips bail. This bondsman, keeps the full amount of the bail bond premium fee that he or she collects. The last and least common type of bondsman is one that pledges cash or securities with the state or county they operate in in. Again, this collateral is used to guarantee the ability of the bondsman to pay off a bail bond if the defendant fails to appear and can not be located and returned to court or jail. Since this bondsman is pledging his or her own money, they keep the full amount of the bail bond premium fee collected. The term bondsman is gender neutral. Slightly over half of the bail agents in the U. S. are women.


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.


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

Usually the defendant must put up at least 10% in cash of the total bail amount. For $32,000 bail that would be $3,200 in cash or possibly some form of collateral.


How much do bail bondsman make a year?

last year i made around 220,000$ doing bailbond/bounty hunter work out of california.


How much do you have to pay if your bond is 5000?

10%. 500$ to get the person out and that should be the only payment, half of that if your going through bail bondsman and payment plan.


How much money was the bail out plan?

a penny


Can a bail bondsman revoke a bail bond for not being able to make payments on a balance owed to them I am told the only way they can is to put the full amount of the bond up?

It is unclear exactly what you are asking. When a bailbondsman puts up your bail he is pledging that full amount to the court. Meaning, that either he has that much money in the bank, OR (more commonly) he has access to an account through an independent insurance company and lender which 'lends' him the money to put up for bailbonds. If you have stopped making payment to the bondsman it is possible that he believes that you have become a bad business risk. He DOES have the ability, and the right, to withdraw his bonding of you, which would have the effect of your going back inside.


If a person has a bail amount of 30 thousand dollars and a bond is 10 percent which is 3 thousand dollars how much does the person paying the bond get back if the acussed is found not guilty?

The person paying the bond does not get anything back. The purpose of paying a bond is so you don't have to come up with the full amount of the bail. The 10% that you pay a bondsman it what he earns for guarnteeing you will appear in court. If you don't appear then the bondsman loses the full amount of the bail.


How much money did Citibank get in bail out money?

300 billion dollars