New and renewal licensees for appraisal management companies in Mississippi are regulated by the state’s Real Estate and Appraiser Licensing Board.
Your company will require a $20,000 surety bond as a condition of licensing or renewal of an existing license. Meeting the surety bond licensing requirement will be the easiest – and quickest -- part of the entire appraisal management company licensing process with our agency.
You and your company are automatically approved for the $20,000 Mississippi appraisal management company bond. There is no credit check nor review by an underwriter.
What this means for you is that after completion of a short surety bond application – which we’ll take from you over the phone --- and payment of the $200 premium, our agency issues this surety bond to you immediately.
Once issued, a copy of the bond can be emailed to you for your review. However, it is the original bond, which you will sign as Principal and which bears our signature as Surety, that you’ll want to file with the Board.
At a $200 premium the Mississippi appraisal management company bond is issued for a one year term. Your bond and the premium will renew with another $200 payment on the anniversary.
Our agency also offers you the option to prepay your bond for up to 3 years. Prepayment of your bond lengthens the time between renewals and offers you a savings over the annual premium.
The premium prepayment options and savings are as follows:
The appraisal management surety bond is a financial guarantee which ensures your compliance with Mississippi Code Annotated § 73-34-3(m) and any other relevant statutes.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide appraisal management company bonds in all states where this requirement is mandated.
Our agency also provides hundred of other license and permit, court, and fiduciary surety bonds.
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