Missouri Appraisal Management Company Bond Overview
- Purpose: To protect real estate buyers and sellers from financial harm
- Who Needs It: Any company overseeing an appraiser panel in Missouri
- Regulating Body: The Missouri Real Estate Appraisers Commission
- Bond Amount: $20,000
- Premium Price: $200 for a 1-year term
What Is a Missouri Appraisal Management Company Bond?
A Missouri appraisal management company (AMC) bond is a financial guarantee that residential real estate AMCs will operate legally.
The surety bond ensures that appraisers are paid and protects clients and lenders from potential fraud or dishonest real estate valuations.
The Missouri Real Estate Appraisers Commission requires all AMCs to file $20,000 surety bonds before starting business.
How Much Do AMC Bonds Cost in Missouri?
The $20,000 Missouri appraisal management company bond costs $200. Or, you can get a 3-year term for $500 and save 25%. Buy your bond in minutes now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Missouri Appraisal Management Company Bond Work?
An AMC bond creates legally-binding contract between three parties: the bond principal, obligee and surety.
| Bond Party | Description |
|---|---|
| 1) Principal | The real estate AMC owner(s) filing the bond |
| 2) Obligee | The Missouri Real Estate Appraisers Commission |
| 3) Surety | The issuing surety provider |
As the AMC owner and bond principal, you promise to uphold the Missouri Appraisal Management Company Standards of Practice. If you break these terms, you become liable for bond claims.
How Do I Get an AMC Bond in Missouri?
You can get your Missouri appraisal management company bond instantly online. Enter your information and complete the online purchase. We’ll email you the official bond form in 5–10 minutes.
Be sure to file the bond form along with your license application packet to the Commission as instructed.
Can I Get Bonded With Bad Credit?
Yes, there is no credit preview required to get a Missouri AMC bond! Bad credit will not impact your ability to purchase this bond.
How Do I Renew My Bond?
You’ll need to renew your AMC bond every year. Just pay the renewal invoice when prompted to extend your current bond for another year. If your bond expires, you will typically need to buy and file a new bond form.
Can I Make Changes to My Bond?
If simple information needs changed on your bond form, email [email protected] outlining the change request. We may be able to issue a free rider document to amend your bond.
How to Get an AMC License in Missouri
To open an appraisal management company in Missouri, you’ll need to submit the following material to the REAC:
- Notarized AMC application form
- Notarized Designation of Controlling Person form
- Notarized Control Person Application for all 10% or more owners
- Proof of fingerprint submission for all control persons
- $350 fee payment
- Copy of active business licenses/registration from the Secretary of State
- Copy of authorization to conduct business from the Secretary of State.
- Verification of any previous AMC company registrations, permits, licenses or certificates
- $20,000 surety bond
Find all forms and more information on the Real Estate Appraisers Commission page for AMC licensing. Licenses expire on June 30 of even-numbered years. Make sure you have an active bond for your entire licensing period.
