Appraisal management companies operating in North Carolina must be registered with the state’s Appraisal Board, pay a nonrefundable $3500 licensing fee, and furnish the Board with evidence of a $25,000 surety bond.
AmeriPro Surety Bonds offers the appraisal management company bond for your compliance as both a new, first time surety bond and a renewal bond.
The premium for the $25,000 NC appraisal management company bond is typically a small percentage of the bond’s amount.
As a broad general rule, those with good credit may expect to pay around 1% for this surety bond, annually; however the amount that any given applicant --- including you --- will be required to pay will be determined by:
Therefore, the premium amount may vary widely from person to person. AmeriPro Surety Bonds will work to find you the best surety bond pricing no matter what your credit situation.
The North Carolina appraisal management company bond serves two main purposes.
The first is a financial guarantee which ensures your compliance with all rules and regulations as it relates to appraisal management in the state.
The bond protects others from acts of harm or malfeasance that an appraisal management company could conceivably commit in the course of their professional duties.
The second reason for the surety bond requirement is a financial guarantee for real estate appraisers who perform work for an appraisal management company but are not compensated for the appraisal work done.
Once issued, the North Carolina appraisal management bond is active for one year from the date of issuance; thereafter the bond must be renewed.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court and fiduciary bonds throughout North Carolina.
Our agency also provides surety bonds services nationwide.
Please call us today at:
Or, you may fill out our form below and an agent will contact you….