Appraisal management company bond cost
The Arizona Board of Appraisal requires that AMCs working in the state post a $20,000 surety bond. When you work with us, $200 and 5 minutes on the phone is all it takes to get an Arizona appraisal management company surety bond! No credit check is required, so everyone qualifies for this low, flat rate.
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.
Why this bond
By posting an Arizona appraisal management company surety bond, appraisal management companies agree to protect their customers from fraud and misrepresentation by acting ethically and lawfully while on the job. These bonds serve as a form of insurance for customers to guarantee that they will be compensated if they suffer any damages or losses due to an appraisal management company’s faulty business practices.
This bond states that appraisal management companies will not give faulty evaluations of properties for any reason. By posting an appraisal management company surety bond, principals (appraisal management companies) also ensure that all appraisers contracted by their companies are licensed and certified and that all other laws and regulations stated in the Arizona Revised Statutes – Title 32 are followed.
Arizona appraisal management company bonds are continuous until canceled and are required by the Arizona Board of Appraisal. If the surety decides to cancel this bond for any reason, 30 days notice must be given to the Board.When filling out the surety bond form, applicants should be sure to indicate if they’re applying for a new bond or renewing an existing bond.
Start an appraisal management company
To become a licensed AMC in Arizona, companies must complete the designated registration packet and do the following:
- pay the required registration fee
- submit a fingerprint clearance card
- submit a certificate of good standing
- provide contact information for any individual authorized by the AMC to select independent appraisers for real property services in Arizona
Apply for your surety bond
Get a FREE Arizona appraisal management company bond Quote Today! Click here to begin