1 (844) 589-9732

The Tennessee appraisal management company bond is a $20,000 surety bond required by the states appraisal Commission. Please call AmeriPro Surety Bonds for this surety bond today at:       844-589-9732.

Tennessee Appraisal Management Company Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Appraisal Management Companies – Tennessee

 

 

 

Appraisal management companies operating in Tennessee are regulated by the Tennessee Real Estate Appraiser Commission.

The Commission serves as the obligee for the surety bond requirement of appraisal management companies.

AmeriPro Surety Bonds offers this surety bond as both a new and renewal bond.

 

 

 

Amount Required and The Premium

 

 

 

The Tennessee appraisal management company is a $20,000 surety bond required by the Commission.

Evidence of a surety bond must submitted along with an application for a appraisal license. If you are renewing an existing license, then a copy of a surety bond must be submitted; however, check with the Commission if this is still applicable.

As an applicant for this surety bond, you will do two things which will determine the premium, or cost of this surety bond.

  • You will complete a surety bond application;
  • You will allow a credit check.

As a broad general rule, well-qualified applicants may pay less than 1% annually for this bond; however, amounts will vary based up information provided in your application and the credit scoring.

Additionally, options may exist to prepay the bond for 2 or 3 years. If this option is available, doing so allows you to save over year-to-year renewal of the bond premium.

 

 

 

Duration

 

 

 

Typically, the TN appraisal management surety bond will be active for one year from the date of issuance, subject to the options stated above.

 

 

 

The Surety Bond: Its Purpose

 

 

 

The purpose of the Tennessee appraisal management company bond is a financial guarantee which ensures your compliance with all statutes and regulations governing appraisal management in the state.

The bond particularly ensures your compliance with Tenn. Code Ann. § 62-39-401 and any additions or amendments to that legislation.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds only agency which provides license and permit, fiduciary, court, and contractor surety bonds throughout Tennessee.

We also provide surety bonds nationwide.

Please call our agency today at:

 

 

 

844-589-9732

 

 

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