Iowa appraisal management companies are licensed and regulated by the state’s Professional Licensing Bureau. According to newer state regulations, specifically Section 543E.19, as a condition of licensing, an appraisal management company is required to furnish evidence of acquiring a $25,000 surety bond.
Meeting the surety bond requirement will be the easiest, and no doubt the quickest part of your licensing process.
You are automatically approved for the $25,000 Iowa appraisal management company bond. This is because after completion of an application ---which we’ll take from you over the phone--- and payment of the $250 premium, this surety bond is issued to you immediately.
Our agency offers your this surety bond with no credit check nor underwriter review.
Once the bond has been issued, a copy of the bond can be emailed to you. The original surety bond will follow to be sent in the mail by the following business day. It is the original surety bond, which you will bear our signature, and which you will sign as Principal, that you’ll want to file with the Bureau.
At $250, the Iowa appraisal management company bond is issued for a period of one year. The bond will renew on the anniversary of the issuance for another $250.
Prepayment of your premium is also available. Premium prepayment does two things for you. It lengthens the time between renewals and it offers you a savings over renewing each year.
The premium prepayment options are as follows:
The purpose of this surety bond, as stated within Section 543E.19, is to protect others from any damages, harm, or liabilities which results from services performed by an appraisal management company for work done for real estate located within Iowa.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Iowa.
We also provide surety bonds nationwide.
Please call our agency today.
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