Delaware Appraisal Management Company Bond
AmeriPro Surety Bonds | 844-589-9732
Delaware Appraisal Management Company License
Licensing for appraisal management companies in Delaware is facilitated by the state’s Council on Real Estate Appraisers.
As a condition of licensing, you are required to provide evidence of obtaining a surety bond of at least $20,000. What we write about below, assumes a surety bond in that amount; however, we offer a surety bond in whatever amount you require. The state offers a packet for registering. We offer this bond for both first time and renewal applicants.
Qualifying and the Premium
You are automatically approved for the $20,000 Delaware appraisal management company bond. There is no credit check. (We also offer this bond up to a $50,000 requirement without a credit check).
This means that the bond is issue to you immediately upon a short surety bond application – which we’ll take from you over the phone — and payment of the premium, 1%, $200 of the $20,000 amount.
When you call us, we’ll just ask you the basics:
The name, exactly as you require it to appear on your surety bond, along with your contact information. Besides just your address, this includes a good phone number and email.
After payment of the premium, 1% of the amount required, our agency issues you two documents: A surety bond and a Power of Attorney (POA) form.
Upon receipt of your bond in the mail, you’ll sign your bond as Principal, filing it along with the POA to:
State of Delaware, Council on Real Estate Appraisers
861 Silver Lake Blvd., Suite 203
Dover, DE 19904-2467
Premium Prepayment Options
The standard premium associated with your appraisal management company bond is active for one year. Thereafter, it, along with your surety bond, renew.
Our agency also offers you a premium prepayment option which saves you over annual renewals, besides lengthening the time between renewals.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $360, a $40 savings;
- If prepaid for 3 years, the premium is $520, an 80 savings.
Purpose of Your Surety Bond Requirement
The purpose of this surety bond is to serve as a financial guarantee that your appraisal management business, and its employees, will observe all Delaware and any other applicable laws in the course of your business conduct.
The bond protects the state – and by extension consumers — from acts of fraud, negligence, or malfeasance in the performance of your professional duties.
AmeriPro Surety Bonds is a surety bonds-only agency. We appraisal management surety bonds nationwide.
Our agency is also a provider of license and permit, probate, court, and other bonds in all 50 states.
Please call us today at:
Or, you may fill out our contact information and a Surety Agent will call you.