How much does an appraisal management company bond cost in Alabama?
The Alabama Real Estate Appraisers Board requires appraisal management companies to post $25,000 surety bonds to legally operate within the state.
These bonds are issued instantly without a credit check when you work with the experts at SuretyBonds.com! 5 minutes and $250 is all it takes to purchase the appraisal management company bond you need. Get bonded now!
|Bond Type||Bond Amount||Cost*|
|$25,000 Appraisal Management Company Bond||$25,000||$250||Buy Now|
If you’re ready to get bonded instantly, give us a call at 1 (800) 308-4358, or submit a bond request now!
Why do I need this bond?
Alabama AMC bonds ensure that principals (appraisal management companies) perform all duties in full compliance with the terms of 34-27A-55 of the Code of Alabama. This bond protects harmed parties from financial loss that results from the appraisal management company’s unlawful business practices.
Work one-on-one with an AMC bond expert, and get bonded instantly for just $250!
What’s the fine print?
Appraisal management company bonds in Alabama remain in full force and effect until canceled. The surety can cancel the bond at any time by giving 60 days’ written notice to both the AMC and the Alabama Real Estate Appraisers Board in Montgomery, Alabama.
How to become an appraisal management company in Alabama
Appraisal management companies in Alabama cannot be owned (fully or partially) by any person that has had an appraisal license revoked, canceled or denied. AMCs cannot employ any appraiser who has had a license revoked or canceled.
To become a licensed and/or certified appraiser in Alabama, applicants must:
- meet personal, work experience and educational requirements
- complete the state application
- pay the required application and license fees
- return the completed typed application with transcripts and course evaluation forms
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