Alabama Appraisal Management Surety Bond
$25,000 Appraisal Management Bond for just $250.
Our price is $250 for 1 year, INSTANT ISSUE - NO UNDERWRITING!
General Information
We write $25,000 Alabama Appraisal Bonds. Our price is $250 for 1 year, INSTANT ISSUE - NO UNDERWRITING! BONDS CAN BE EMAILED!
In Alabama, an Appraisal Management Company (AMC) license is required for businesses that engage in the procurement, management, and review of real estate appraisals. The Alabama Real Estate Appraisers Board oversees the licensing and regulation of AMCs in the state.
For more information regarding this license, please visit Alabama Real Estate Appraisers Board.
Obligee - Alabama Real Estate Appraisers Board
Bond Amount - $25,000
Bond Premium - $250 for 1 year, $438 for 2 years, $625 for 3 years.
Renewal Document - None
This instant issue price is based on the company having one employee. If multi-employees need to be covered, please call our office for a instant quote.
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Purpose of a Appraisal Management Surety Bond:
The primary purpose of the appraisal management company surety bond is to protect the public. It serves as a financial guarantee that the AMC will comply with all relevant state laws, rules, and regulations, particularly those outlined in the Code of Alabama §34-27A-50 et seq. If an AMC fails to fulfill its obligations or engages in unlawful practices that cause financial harm, the bond allows aggrieved parties (e.g., clients, appraisers) to make a claim for compensation.