What is the maximum amount for a surety bond posted with the clerk of the circuit court for security holdings?

The maximum amount for a surety bond posted with the clerk of the circuit court for security holdings is set at $50,000. This specific figure is established as a standard amount within the context of real estate transactions and legal requirements. A surety bond acts as a form of insurance that protects against potential defaults in obligations. By capping the amount at $50,000, it provides a clear guideline for stakeholders involved in real estate dealings, ensuring that there is a defined limit to the financial assurance required.

While other options may represent different figures, they do not align with the established regulations regarding surety bonds in the context of real estate in Gold Coast. The maximum limit serves to balance the need for security with practicality, allowing both property owners and the court system to operate effectively within the defined parameters. Understanding this limit is important for anyone involved in real estate transactions, as it directly affects the requirements for securing financial interests in properties.