Choosing to become a bail bondsman is a great career choice. The processes involved in the job will be straightforward as you will find yourself helping different people in challenging situations. But there are some things you need to know when you wish to become a bail bondsman or are looking to start a business. If you’re still on the fence, you can opt to hire a trusted bail bondsman in Connecticut.
Even though starting a bail bond business is challenging, you can find resources that will help you. However, one question that most people will be curious to know is, “How does a bail bond agent get paid?”
The question is common among numerous people. Bailing someone is a long process, and it will involve a lot of money.
So, how does a bail bondsman get paid? Read on to find out.
Importance of Bail
Before you know how bail bonds agents get paid, you need to understand how the process works. And learn why bail exists. If you get charged with a criminal offense, you’ll not be taken to court on the same day. In most cases, if you get arrested, you will attend a bail hearing.
The presiding judge will consider some things to know how bail will be set. These things include:
- The total number of charges in the past.
- The nature of the charges.
- If the individual is dangerous or not.
After bail is determined, you will go to prison until the day of the hearing. You can leave jail if you post bail as soon as possible. That means you and your loved ones should have cash from $10,000 and above.
“Why do I have to post bail?” You may enquire.
Getting out of prison before a court hearing has its benefits.
First, if you’re in jail, it will be challenging to speak to your attorney since your movements are limited. If you’re free, you can find the time and talk to your lawyer and build a strong case. Another thing, though subjective, if a jury is hearing the case, the jury might deem you not guilty if you show up to court as a free individual compared to showing up from prison.
If you post bail, you increase your chances of getting a fair verdict in court. It could be the difference.
Understanding the Non-refundable Fee
A bail bonds office will need you to pay at least 10 percent of the bail amount during initial discussions. This amount will be non-refundable even if you show up to court as per the law. A professional bail bonds agent that sensibly bails you out despite needing to pay a high amount will make money from the 10 percent fee.
For instance, if you are needed to post $50,000, the agent will get a signature release document for you and get paid $5,000. So, if the bail bondsman bails five defendants in a week, he will get paid $25,000.
Where Do Tangible Assets Come in?
Most bail bonds agents will get a generous profit only if the individual who’s been bailed out of jail attends the arranged court trial. If the defendant doesn’t go to the hearing, the bond will be mentioned by the court.
If five defendants don’t show up for the court hearings, the agents will be accountable for $250,000. To make sure this situation doesn’t occur, bail bonds agents will need tangible assets to hold onto. These things will include valuable jewelry or cars. If the defendants don’t show up, the bail bondsmen will take the valuables, sell them to recover the cash paid out.
How Does a Professional Bail Bondsman Get Paid?
Why are bail bond agents vital? When you get arrested and need to post bail but can’t raise the cash to post bail, you will have to reach out to a reputable bail bond business. The bail bondsman will post bail on your behalf, but you are required to pay a down payment. Also, you will have to hand over some tangible assets. The assets will act as security to the bail bondsman
The tangible assets will make sure you attend the court hearings. When you attend the trial, the bail bondsman won’t have to worry about the total amount. If you don’t show up, the bail bondsman will be required to pay the full bail. As a bail bond business, the most crucial thing is to form a relationship with the defendants to show up for trial. This means they will get paid without hassles.