What Is an Alabama Appraisal Management Company Bond?
The Alabama Appraisal Management Company Bond is a $25,000 surety bond required by the Alabama Real Estate Appraisers Board for appraisal management companies registering to operate in the state. You may also see it called the Alabama AMC Bond or the Appraisal Management Company Registration Bond.
Who Needs the Bond?
You need this bond if your appraisal management company is applying for a new Alabama registration, renewing an existing registration, or reinstating a registration that has lapsed.
Why Is the Bond Required?
The bond helps protect the public by guaranteeing that registered appraisal management companies comply with Alabama law and the Alabama Real Estate Appraisers Board’s rules. It also provides a source of financial recovery for eligible losses caused by an AMC’s failure to meet covered legal obligations.
How Much Does the Bond Cost?
Through our Instant Issue platform, estimated premiums start at $250 for one year. The bond is issued for a one-year term and must be renewed annually. Your premium may vary depending on the information provided during the application process. The portal displays your final bond information and price before you complete payment.
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