North Dakota Appraisal Management Company Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of Appraisal Management Companies, North Dakota
The ND Real Estate Appraiser Qualifications and Ethics Board required appraisal management companies to pay a $2,500 fee and obtain a $25,000 surety bond.
It takes just a few minutes to meet the surety bond requirement. There is no particular bond form which the state requires for this bond.
Qualifying and the Premium
Your company is approved for the $25,000 North Dakota appraisal management company bond without any delay. There is no credit check and the premium is just 1%, $250 annually.
When you call us, we’ll ask you the following:
- The name of your company, exactly as it should appear on your surety bond. This should reflect the same name of any other paperwork you’re filing with the state;
- Contact information, which besides the address, includes your phone number and email;
- We may ask you the business type. “Real estate appraisal management company” should be sufficient.
After payment of the $250 premium, our agency issues your bond and Power of Attorney form to you immediately.
Upon receipt of your original bond by mail, you’ll sign it as Principal and file all document to:
North Daktota Real Estate Appraiser Qualifications and Ethics Board
PO Box 1336
Bismarck, ND 58502-1336
Premium Prepayment Options
The premium for your appraisal management company bond may be prepaid up to 3 years which offers you a savings over annual renewals of $250.
The premium prepayment options and savings amount are as follows:
- If prepaid for 2 years, the premium is $450, a $50 savings;
- If prepaid for 3 years, the premium is $650, a $100 savings.
Purpose Of your Surety Bond Requirement
Your surety bond is a financial guarantee for the state of North Dakota and the Ethics Board that you’ll be in compliance with all laws and regulations (ditto for your employees) in the performance of your professional duties.
The bond protects others from harm and loss which result from wrongful acts.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide appraisal management company surety bonds nationwide.
Our agency is also an online aggregator of license and permit, court, probate and other surety bonds in North Dakota and all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…