AMC bond cost
The North Carolina Appraisal Board requires appraisal management companies to post $25,000 surety bonds as a licensing requirement. Give us a call at 888.610.4474 or submit a bond request to begin our fast and easy bonding process.
Why this bond
North Carolina AMC bonds ensure that principals (appraisal management companies) conduct business according to all state and industry laws. By posting the bond, the principal pledges to promptly pay any amount of money due as provided in N.C.G.S. 93E-2-1.
The surety will initially cover any and all damages suffered by harmed parties as a result of the principal’s unlawful business practices up to the full bond amount. The AMC must reimburse the surety for any damages paid out.
AMC bond details
Appraisal management company bonds in North Carolina remain in full force and effect until canceled and for as long as the principal remains in compliance with the terms of the surety bond contract.
The surety can cancel the bond by giving 90 days’ written notice of cancellation to both the principal and the North Carolina Appraisal Board.
Appraisal management company
To become licensed as an appraiser in North Carolina, applicants must do the following:
- Complete the required courses
- Download the application for licensure here
- Complete and submit the application
- Account for experience hours
- And more
More licensing information can be accessed from the Additional information section of this page.
Apply for your surety bond
Get a FREE Appraisal Management Company Bond Quote Today! Click here to begin