West Virginia Appraisal Management Company Bond
AmeriPro Surety Bonds | 844-589-9732
Appraisal Management Companies – West Virginia
Appraisal management companies in West Virginia are regulated by the state’s Real Estate Appraiser Licensing Board. The licensing for your appraisal management company expires on June 30th . The same expiration date also applies to your $50,000 surety bond.
Our agency offers you the $50,000 appraisal management company bond. The premium may be prorated depending on when you purchase your bond. Our discussion here assumes a full calendar year beginning on June 30th to June 30th.
Qualifying and the Premium
You and your appraisal management company are automatically approved for the $50,000 West Virginia appraisal management company bond. There is no review by an underwriter nor a credit check inquiry.
After completion of an application – which we will verbally take from you over the phone — and payment of the $500 premium, the bond is issued to you immediately.
After issuance, our agency will have your surety bond mailed to you. Upon receipt, you will sign your bond as Principal and file it to the License Board.
Premium Prepayment Options
At $500 premium, your appraisal management company bond will renew on the anniversary of its issuance, June 30th. The bond renews on June 30th regardless of its purchase date or term.
You also have the option to prepay your bond for up to 3 years, thereby offering you a savings over year to year renewals.
The premium payment options and savings are as follows:
- If prepaid for 2 years, the premium is $900, a $100 savings;
- If prepaid for 3 years, the premium is $1300, a $200 savings.
Purpose of Your Surety Bond Requirement
The purpose of the bond is to ensure your compliance with West Virginia Code §30-38A-1 and any amendments to this legislation.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout West Virginia. Our agency also provides surety bonds nationwide.
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