The California Department of Real Estate RE 600 series protects the money buyers put down on subdivision and time-share interests. A blanket form covers all of a developer's current and future offerings under one continuing bond, instead of a separate bond for each tract or plan.
The RE 600A gives purchase-money protection to lot buyers. For each lot sold, it guarantees the subdivider will do one of three things: deposit the buyer's money in an accepted escrow, deliver clear title with a release of any blanket encumbrance, or refund the buyer. The obligee is the State of California, and the individual lot purchasers are the ones protected. It is issued under Business and Professions Code sections 11013.2(c) and 11013.4(b), using the exemption path in section 11010.4. Because it is a blanket bond, one form covers all of a subdivider's current and future subdivisions; the surety can cut off future liability only by giving the Commissioner a 30-day cancellation notice.
The RE 600B is not itself a bond. It is a Purchase Money Verification form, signed under penalty of perjury, that a subdivider files together with the RE 600A bond when using the section 11010.4 exemption. It identifies the subdivider, the security issuer, the tract, and the escrow that impounds any funds beyond what the bond covers. One is completed per exempt subdivision.
The RE 600K is the time-share counterpart of the RE 600A. It gives purchase-money protection to time-share buyers and, as a blanket bond, covers all of a developer's current and future time-share plans. The obligee is the State of California, and it is issued under Business and Professions Code sections 11243(c) and 11244 of the Vacation Ownership and Time-Share Act.
The RE 600L provides the same purchase-money protection for a single named time-share plan rather than all of a developer's plans. The difference from the 600K is scope: the 600K is blanket across every plan, present and future, while the 600L covers one named plan. It is issued under Business and Professions Code section 11243(c).
Subdividers and time-share developers use the RE 600 series to protect buyer deposits and satisfy Department of Real Estate conditions tied to the public report, so they can take purchaser money before title clears.
Complete our secure application and sign electronically. Tell us whether you need blanket or single-plan coverage and we will match your file to A-rated surety carriers that write California developer bonds.
This page is a general summary and not legal advice. Bond requirements, forms, and amounts are set by the California Department of Real Estate and the obligee. Refer to the official DRE bond form and instructions for your project.