Arizona Appraisal Management Company Bond Overview
- Purpose: To protect home buyers, sellers and lenders from appraisal fraud or misconduct
- Who Needs It: Most residential real estate AMCs operating in Arizona
- Regulating Body: The Arizona Department of Insurance and Financial Institutions
- Bond Amount: $20,000
- Premium Price: $200 for a one-year term
What Is an Arizona Appraisal Management Company Bond?
An Arizona appraisal management company (AMC) bond protects home buyers, sellers and mortgage lenders from harmful or unfair appraisal practices.
The Arizona Department of Insurance and Financial Institutions (DIFI) requires all licensed AMCs to file a $20,000 surety bond.
Who Needs an AMC Bond?
All appraisal management companies operating in Arizona need a license and surety bond, except for the following:
- In-house bank appraisal departments
- Federally-regulated AMCs
- Companies that only use employee appraisers (not independent contractors)
- Relocation management companies
If you're not exempt, you'll need to file proof of the $20,000 bond with your license application.
How Much Do AMC Bonds Cost in Arizona?
The $20,000 Arizona AMC bond costs just $200 annually — no credit check required. You can also select a multi-year term at checkout to save 25%.
Click below to buy your bond in minutes.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Arizona Appraisal Management Company Bond Work?
An Arizona real estate AMC bond creates a legally-binding contract between these three parties.
| Bond Party | Description |
|---|---|
| Principal | The appraisal management company owner purchasing the bond |
| Obligee | The Arizona Department of Insurance and Financial Institutions requiring the bond |
| Surety | The issuing surety provider |
This bond acts as a financial guarantee to the DIFI that you’ll comply with Arizona Revised Statutes Title 32, Chapter 36, Article 5.
If you violate laws or regulations, you may cause financial harm to your clients or the state. Harmed parties can file claims against your bond to recover losses. You’ll need to refund the surety for any paid claims up to the $20,000 bond amount.
How Do I Get an AMC Bond in Arizona?
With SuretyBonds.com, you can purchase your AMC bond online 24/7. Just enter your name and address into the form on this page. Once we process your payment, you’ll get an email with your official bond within minutes.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require a credit check! Anyone can purchase this bond at the same flat rate, regardless of credit score.
How Do I Renew My Bond?
Arizona appraisal management company bonds expire annually. You must renew your bond to maintain your state license for another year.
If you purchased your bond from us, we’ll send you reminders starting 90 days before expiration. Simply pay the attached invoice to extend your bond for another term. We’ll then issue a continuation certificate for you to submit to the DIFI with your license renewal.
How Do I Update My Bond Information?
You can typically make small updates to your bond form, such as name or address, by contacting your surety company. Current customers can email [email protected] with the needed change.
How to Get an Appraisal Management Company License in Arizona
The Arizona Department of Insurance and Financial Institutions licenses all appraisal management companies in the state.
First, designate a control person to complete the application for your company. Then, submit the required forms and your surety bond through the DIFI online portal along with the $2,500 application fee.
Anyone who owns, manages, or has a financial stake in your company must also apply for a fingerprint clearance card with the Department of Public Safety.
How to Renew Your License
Arizona real estate AMC licenses expire one year after your initial application and every two years after the first renewal.
- Complete the renewal application through the online portal.
- Pay the $2,500 fee.
- File your surety bond continuation certificate.
You’ll also need report the size of your appraiser panel and pay National Registry fees. Submit the corresponding form and payment by March 1st every year, even if no license renewal is due. If you don’t, you’ll be removed from the AMC National Registry for Arizona and face penalties.
Can I Make Changes to My License?
Yes, you can submit name, address and officer changes via the online portal. There are no update fees. However, you’ll also need to contact your surety company to make the same changes to your bond form.
If you need to submit a change of ownership, complete the Certifications By Owner(s)/Officer(s)/Controlling Person Form and apply for a fingerprint clearance card.
