How much does an appraisal management bond cost in Illinois?
The state of Illinois mandates that any person or company who appraises real estate must post a $25,000 surety bond.
The experts at SuretyBonds.com can get you instantly approved for this bond for just $250! Because no credit check is required, everyone qualifies for this low rate. Click here or call 1 (800) 308-4358 to get bonded!
|Bond Type||Bond Amount||Cost*|
|Appraisal Management Company Bond||$25,000||$250||Buy Now|
If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. You can purchase an Illinois appraisal management company bond for just $250. 5 minutes is all it takes to get bonded when you choose SuretyBonds.com!
Why do I need this bond?
The Illinois Appraisal Management Company Registration Act requires that real estate appraisers purchase a $25,000 surety bond. This bond ensures that the principal (appraisal management company) abides by all the rules and regulations in the aforementioned act. Illinois appraisal management company bonds also hold the principal responsible for paying all taxes and applicable fees to the Illinois Department of Financial and Professional Regulation. If the principal fails to make the proper payments to the state within 60 days of the due date, a claim can be made against the bond. The surety will initially pay for any damages, but the principal is ultimately required to reimburse the surety.
Give us a call at 1 (800) 308-4358 or submit a bond request to get an Illinois appraisal management company surety bond for just $250! It only takes 5 minutes to get approved.
What’s the fine print?
AMC bonds in Illinois are continuous until canceled and must be renewed annually. The surety company must provide written notice of the bond’s cancellation to the Commission at least 10 days prior to cancellation.
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