Colorado AMC Bond Overview
- Purpose: To ensure appraisal management companies comply with Colorado laws.
- Who Needs It: Licensed appraisal management companies in Colorado
- Regulating Body: The Colorado Division of Real Estate
- Bond Amount: $25,000
- Premium Price: $250
What Is a Colorado Appraisal Management Company Bond?
The Colorado Division of Real Estate requires all licensed appraisal management companies (AMC) to have a $25,000 surety bond as financial security. This bond ensures that AMCs conduct business according to Colorado Statutes.
How Much Do Appraisal Management Company Bonds Cost in Colorado?
bond today for $250! The bond is available for a flat rate with no credit check. Or, you can save up to 25% by selecting a multi-year term.
Get your bond today!
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How Does a Colorado AMC Bond Work?
When you purchase an appraisal management company bond you enter a three-party legal agreement.
| Bond Party | Description |
|---|---|
| 1. Principal | The appraisal management company |
| 2. Obligee | The Division of Real Estate |
| 3. Surety | The issuing surety provider |
If the AMC conducts business unlawfully, harmed parties can file claims on the bond. The surety will investigate and pay for valid claims. Unlike insurance claims, the AMC must reimburse the surety.
How Do I Get an Appraisal Management Company Bond in Colorado?
You can get your bond within minutes today! Just follow these quick steps:
- Enter your information and checkout
- Get your bond via email
- File your bond with the Division of Real Estate
If you’re a new licensee, you’ll submit the bond with your online license application packet.
How Do I Renew My Appraisal Management Company Bond?
Colorado AMC bonds expire annually. You’ll receive email and text renewal reminders starting 90 days before the expiration date.
Just follow the instructions and pay your renewal invoice! If you have any questions, call 1(800)-308-4358 and a representative will assist you.
How Do I Update My Bond Information?
If you need to update basic information on your bond form, just email [email protected] or call 1(800)-308-4358.
A representative will assist you with a bond rider or help issue a new bond for more complicated information changes.
How to Get an Appraisal Management Company License in Colorado
You’ll apply for your Colorado AMC license online through the Division of Real Estate. Complete the following steps to get your license:
- Login/create an eLicensing business account
- Select “Create/Continue Application for NEW License” → “Appraisal Management Company”
- Submit fingerprints for the controlling appraiser and individual owners with at least 10%
- Purchase a $25,000 surety bond
- Pay the $688 initial license fee
- Submit your online application
Allow up to 10 business days for your application to be processed.
