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Appraisal Management Company Surety Bonds

What is an appraisal management company bond and why do I need one?

An appraisal management company (AMC) surety bond is needed in many states as a licensing requirement to operate an appraisal management business.

This surety bond provides a simple way for you to document your company's financial liability requirement as outlined by the state. If there is a claim against your bond, the surety company will seek reimbursement from you, the policyholder. An AMC bond is different from business insurance in that you are paying a premium to protect your customers rather than your company.

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How much does an appraisal management bond cost?

Depending on your personal credit score and your business's financial health and history, your bond premium can range from 1% to 3% of the bond's full coverage amount.

Here are the states in which NNA Surety Bonds provides bonds for appraisal management companies, with premiums listed at 1%.

Cost of Appraisal Management Company Surety Bonds
State Bond Amount Cost* (Annual Premium at 1%)
Alabama $25,000 $250
Arizona $20,000 $200
Arkansas $20,000 $200
Colorado $25,000 $250
Delaware $20,000 $200

See the bond price in your state

Alabama

Bond Amount

$25,000

Cost* (Annual Premium)

$250

Arizona

Bond Amount

$20,000

Cost* (Annual Premium)

$200

Arkansas

Bond Amount

$20,000

Cost* (Annual Premium)

$200

Colorado

Bond Amount

$25,000

Cost* (Annual Premium)

$250

Delaware

Bond Amount

$20,000

Cost* (Annual Premium)

$200

Georgia

Bond Amount

$20,000

Cost* (Annual Premium)

$200

Illinois

Bond Amount

$25,000

Cost* (Annual Premium)

$438 (two years)

Louisiana

Bond Amount

$20,000

Cost* (Annual Premium)

$200

Mississippi

Bond Amount

$20,000

Cost* (Annual Premium)

$200*

Missouri

Bond Amount

$20,000

Cost* (Annual Premium)

$200

Nebraska

Bond Amount

$25,000

Cost* (Annual Premium)

$250

New Mexico

Bond Amount

$25,000

Cost* (Annual Premium)

$250*

North Carolina

Bond Amount

$25,000

Cost* (Annual Premium)

$250

Oregon

Bond Amount

$25,000

Cost* (Annual Premium)

$250

South Dakota

Bond Amount

$25,000

Cost* (Annual Premium)

$250

Tennessee

Bond Amount

$20,000

Cost* (Annual Premium)

$200

Utah

Bond Amount

$25,000

Cost* (Annual Premium)

$250*

Virginia

Bond Amount

$100,000

Cost* (Annual Premium)

$1,000

Wyoming

Bond Amount

$25,000

Cost* (Annual Premium)

$250

Call now to lock in your price

855-215-2160

Monday to Friday, 6 a.m. to 5 p.m. (PT)
*Cost can vary depending on the bond amount required and your credit rating

Don’t see your state? Give us a call: 855-215-2160

Qualifying for an appraisal management company bond

We make it quick and easy to get a surety bond for your appraisal management company. If you are ready to apply, or would like more information about AMC bonds, simply call our surety experts at 855-215-2160 or request a free quote.

Get bonded in your state

Appraisal management company bonds are available through NNA Surety Bonds in the following states: Alabama, Arizona, Arkansas, Colorado, Delaware, Georgia, Illinois, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, Oregon, South Dakota, Tennessee, Utah, Virginia, and Wyoming.

To learn more about getting the AMC bond coverage required in your state, contact us!

What is an appraisal management company?

Although appraisal management companies have existed for over 50 years, their importance grew dramatically after the financial crisis of 2007–2008. In studying how to prevent a recurrence of the housing overvaluation bubble, regulators realized that property appraisers had to be more independent of property buyers and lending institutions, both of whom stood to profit if property prices were artificially inflated.

Appraisal management companies were therefore inserted between lenders and appraisers as independent entities that hire and manage property appraisers. By federal regulation, they are not allowed to be influenced by lenders, and therefore have no motive to inflate property prices when providing real estate valuation services.

Questions? Call NNASurety Bonds at 855-215-2160
Monday to Friday, 6 a.m. to 5 p.m. (PT)