Appraisal Management Company Bond

License, Permit & Miscellaneous Guarantee Bonds

  1. Home
  2. Bonds
  3. Appraisal Management Company Bond


Appraisal management companies are required to get licensed and provide this type of surety bond in many states across the United States. While the bond language and the provisions of the bond may vary slightly, its purpose is to protect the public and ensure that appraisal management companies operate in compliance with all applicable state and federal laws.

Like other surety bonds, appraisal management bonds can serve to reimburse someone who has been defrauded by an appraisal management company. This means the bond does not act as insurance to the company, but to its clients and the state. To avoid claims it is important to know what the exact requirements of the bond in your state are.

Low Rates Based on Credit

Usually Issued Regardless of Credit

Bond Usually Available Regardless of Credit

Document Downloads
Application: Call underwriter for appropriate application at 1-818-715-7133

FAQs About AMC Bonds

The real estate industry requires accuracy and objectivity from its appraisers. Therefore, most states require AMC bonds before issuing an AMC license. Though we explained things earlier, you might have some questions. Here are the answers you seek!

What Are AMC Bonds?

Most states require you to buy a surety bond if you wish to license your AMC (appraisal management company). It’s simply part of the licensing process. Overall, the appraisal management company bond (AMC bond) is the guarantee to the state licensing agency that the business will follow federal and state laws that regulate your industry.

If a consumer then suffers damages or losses, they can file a claim against your surety bond.

They are used in many areas where market value matters, including real estate. For example, you might check the true market value as the appraiser of a building. If you inflate the last price to get it to sell and it comes back as fraud after additional information is presented, you will pay claims to the consumer through the surety bond. 

How Much Does Someone Pay to Get an Appraisal Management Company Bond?

Every state is different, so the price for an AMC bond might change. The cost is simply a percentage of your total bond amount. 

Typically, you can get a free and fast quote from our licensed agents when you submit a request. We’re ready to guide you through the bonding process to get a surety bond that meets your needs, even if you have bad credit.

Overall, the bond price is only a small fraction of the total value. Most states require AMC bonds of $25,000 at least. However, each one is different.

Usually, the premium is about one to five percent of the full bond value, so you would be paying $250 to $1,250 for $25,000. However, be aware that people with poor credit have higher premiums to offset the risk involved. We can work with you to find a price and payment option that meets your needs.

How Does the Appraisal Management Company Surety Bond Work?

Three entities are involved in any bonding process for a surety bond: the surety, the obligee, and the principal. 

  • The principal is the business or person required to buy a surety bond.
  • The surety is the underwriter for the bond.
  • The obligee is the agency requiring a surety bond from the principal.

When consumers experience financial loss or damages because of the actions from the appraisal management company, they can file a claim against that bond. The surety company then determines if that claim is valid. If it is, the payment (which could be the full amount or any number) is paid out.

Overall, the appraisal management company is then liable for repaying back the amount the surety company first paid to the consumer.

Do Appraiser Need to be Bonded?

Many states and DC require people to get AMC surety bonds before they will license the appraisal management company to operate. Overall, 31 states (and Washington, DC) demand them before you can give appraisals or hire an appraiser. 

The price you pay for a surety bond is fairly low, but it’s important to remember that, as the principal, it’s up to you to pay claims on any bonds you have when they arise.

How Will an Appraisal Management Company Bond Benefit Your Business?

If the business is in a state requiring an AMC bond before you can be licensed, you will have to complete the process. Overall, this is good for you and the entire market or industry in which you work.

Likewise, consumers tend to feel bonded companies are trustworthy. When you tell potential clients that you have a licensed appraisal management company, it will increase the chances of earning their business.

Where Do I Get a Bond Appraisal?

Philips Surety & Insurance Services, Inc. offers appraiser bond services, and it’s a quick and easy process. We realize that some people may not know if they need a bond appraisal. They can contact us to get answers to their questions.

If you own or want to open an appraisal management company, it’s wise to understand the market and become bonded. The quote process is easy, though we might ask you for additional information. Simply fill in the short form on this page. You’ll get a price and will determine if it’s suitable for you and your needs.

Get a Quick Quote TODAY


    Contact Information

    Are you an agent?*YesNo

    Rest easy knowing that all of your information is transmitted securely using an EV SSL encryption.
    * Required Fields

    Step 1
    Step 2

    Thank you for contacting us! We'll contact you shortly.

      Step 1
      Step 2

      Bond/Insurance Information

      Are there any additional owners?

      Any prior claims?

      All information is transmitted securely using an EV SSL encrypted Connection.

      © Copyright 2021 S Philips Surety & Insurance Services, Inc. | 22647 Ventura Bl #349, Woodland Hills, CA 91364 | 818-715-7133 | License #: 0C97153

      Hablamos Español

      Underwriting requirements and premiums may change without notice | Terms & Conditions | Fair Reporting Act | Sitemap

      Website Designed by Backhouse Media of Los Angeles & Santa Barbara