Nebraska AMC Bond Overview
- Purpose: To protect real estate buyers and sellers from financial harm
- Who Needs It: All companies that oversee an appraiser panel in Nebraska
- Regulating Body: The Nebraska Real Property Appraiser Board
- Bond Amount: $25,000
- Premium Price: $250 for a 1-year term
What Is a Nebraska Appraisal Management Company Bond?
A Nebraska appraisal management company (AMC) bond is a type of surety bond required for residential real estate AMCs to operate legally.
Under the Nebraska Real Property Appraiser Act, all real estate appraisal companies need $25,000 bond coverage. This protects the state and the public from financial harm.
How Much Do Appraisal Management Company Bonds Cost in Nebraska?
The $25,000 Nebraska AMC bond costs a flat rate of $250 for a 1-year term. You can also select a three-year term for $625, saving 25%. Buy your bond online today.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Nebraska AMC Bond Work?
This bond creates a legally-binding contract between three parties: the principal, obligee and surety provider.
| Bond Party | Description |
|---|---|
| 1) Principal | The real estate AMC owner(s) filing the bond |
| 2) Obligee | The Nebraska Real Property Appraiser Board |
| 3) Surety | The issuing surety provider |
By signing the AMC bond form, you promise to:
- Follow state laws
- Pay applicable fees
- Protect clients, lenders and appraisers from financial harm
If you break these regulations, the state or harmed consumers can file claims for reimbursement. The surety pays valid claims then collects repayment from you, the principal.
How Do I Get an AMC Bond in Nebraska?
You can get your Nebraska AMC bond instantly online. Enter your information and complete the online purchase. We’ll email you the official bond form within 5–10 minutes.
How Do I File My Bond?
Once you receive your bond, make sure to include it with your initial license application packet or submit to the Real Property Appraiser Board as instructed.
How Do I Renew My Bond?
You’ll need to renew your bond every one to three years, depending on the initial bond term you select. Our team will send email and text reminders when your bond is up for renewal.
All you need to do is pay the renewal invoice. This will extend your original bond for another term as long as there are no claims.
How to Get an Appraisal Management Company License in Nebraska
You’ll need to submit these materials to apply for your Nebraska AMC license:
- $350 non-refundable application fee
- Registration application form
- 2 copies of legible, ink-rolled fingerprint cards for each owner
- Fingerprint use authorization
- Copy of $25,000 surety bond form
Mail this packet to one of these addresses:
- Post Office Box: Nebraska Real Property Appraiser Board, PO Box 94963, Lincoln, NE 68509-4963
- FedEx/UPS Street Address: 301 Centennial Mall South, First Floor, Lincoln, NE 68508
Once approved, you’ll need to pay another $2,000 registration fee within 60 days. Your registration will be valid for 12 months and can be renewed annually.
