Real estate appraisal management companies in Colorado are licensed and regulated by the state’s Department of Regulatory Agencies.
A condition of licensing is that the appropriate surety bond be filed with the Department.
The Colorado appraisal management company bond is a $25,000 surety bond required according to § 12-61-709 of Colorado's statutes.
Qualifying is both easy and instant with our agency:
After completion of a surety bond application, payment of the $250 premium, the appraisal management company surety bond is issued to you immediately. There is no credit check. When you hang up the phone with our agent, you will have your bond.
Once purchased, a copy of the bond can be emailed to you for no additional charge. The original bond with the wet signature will be mailed to you the same or the following business day for filing with the Department.
Your appraisal management company bond is issued for one year and must be renewed as a condition of licensing. A current and active surety bond must remain on file with the Department.
While the one year term for your surety bond is standard, our agency also offers you the option of prepayment of the premium for 2 or 3 years. Prepayment of the bond allows you to save over renewing the bond annually.
Prepayment options for the premium are as follows:
The purpose of the appraisal management company surety bond is a financial guarantee for the benefit of customers who are harmed by fraud, acts of malfeasance, criminal or fraudulent impersonation, and other wrongful acts.
Furthermore, the bond guarantees that any penalties assessed by the Department will be paid. The protections offered by the bond extend also to wrongdoing committed by any employees, agents, or managers of your appraisal management company.
AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit, court, and fiduciary surety bonds throughout Colorado.
Our agency also provides surety bonds nationwide.
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