New Jersey AMC Bond Overview
- Purpose: To guarantee appraisal management companies comply with state regulations
- Who Needs It: All appraisal management companies operating in New Jersey
- Regulating Body: The New Jersey Division of Consumer Affairs — State Real Estate Appraiser Board
- Bond Amount: $25,000
- Premium Price: $500 for a two-year term
What Is a New Jersey Appraisal Management Company Bond?
A New Jersey appraisal management company (AMC) bond protects real estate lenders, buyers and sellers from financial harm.
In New Jersey, all AMCs must register with the State Real Estate Appraiser Board and file a $25,000 for licensing. The bond creates a financial guarantee that AMCs will operate honestly and legally.
How Much Do AMC Bonds Cost in New Jersey?
The $25,000 New Jersey AMC bond costs just $500 for a two-year term. No application or credit check is required. Buy your bond instantly below!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a New Jersey Appraisal Management Company Bond Work?
A New Jersey appraisal management company bond creates a legal contract between three parties.
| Bond Party | Description |
|---|---|
| Principal | The appraisal management company owner purchasing the bond |
| Obligee | The New Jersey State Real Estate Appraiser Board requiring the bond |
| Surety | The issuing surety provider |
By filing this bond, you promise to uphold N.J. Admin. Code § 13:40A-9.11. The following practices are strictly prohibited:
- Pressuring or bribing appraisers for certain results
- Altering appraisal reports without consent
- Unfairly removing appraisers from panels without written notice and cause
- Restricting appraiser communications
- Failing to comply with investigations
If you commit any of these acts, harmed parties can file claims against your bond to recover financial losses. You are responsible for repaying the surety for any claims paid out.
How Do I Get an AMC Bond in New Jersey?
Using the form on this page, you can purchase your New Jersey AMC bond in just minutes. Simply enter your name, address and payment method. We’ll then email you the official bond form right after purchase.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require a credit check! Anyone can purchase a New Jersey AMC bond at the same flat rate.
How Do I Renew My Bond?
New Jersey appraisal management company bonds last for two years. Before expiration, we’ll send you periodic email and text reminders with a link to renew. Once you pay the premium, we’ll issue a continuation certificate to extend your bond for another two years. File this certificate with the Board as instructed.
How Do I Update My Bond Information?
If you need to make small changes to your bond, such as name or address, email [email protected] with the updated information. Only your surety company can make changes to your bond form. Major changes will often require a new bond.
How to Register an Appraisal Management Company in New Jersey
In New Jersey, all appraisal management companies must register with the State Real Estate Appraiser Board. Attach the following supporting documents to your application form:
- Surety bond
- Background check authorization and fingerprints
- Payment for the application and registration fees
Mail all materials to this address:
Division of Consumer Affairs
State Real Estate Appraiser Board
P.O. Box 45032
Newark, NJ 07101
New Jersey AMC registrations expire annually. You’ll need to maintain both your registration and surety bond to operate for additional years.
How Much Does It Cost to Get a New Jersey AMC License?
You can expect to pay at least $2,000 to get your AMC license in New Jersey. This includes the following fees:
| Bond Party | Description |
|---|---|
| Principal | The appraisal management company owner purchasing the bond |
| Obligee | The New Jersey State Real Estate Appraiser Board requiring the bond |
| Surety | The issuing surety provider |
By filing this bond, you promise to uphold N.J. Admin. Code § 13:40A-9.11. The following practices are strictly prohibited:
- Pressuring or bribing appraisers for certain results
- Altering appraisal reports without consent
- Unfairly removing appraisers from panels without written notice and cause
- Restricting appraiser communications
- Failing to comply with investigations
If you commit any of these acts, harmed parties can file claims against your bond to recover financial losses. You are responsible for repaying the surety for any claims paid out.
How Do I Get an AMC Bond in New Jersey?
Using the form on this page, you can purchase your New Jersey AMC bond in just minutes. Simply enter your name, address and payment method. We’ll then email you the official bond form right after purchase.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require a credit check! Anyone can purchase a New Jersey AMC bond at the same flat rate.
How Do I Renew My Bond?
New Jersey appraisal management company bonds last for two years. Before expiration, we’ll send you periodic email and text reminders with a link to renew. Once you pay the premium, we’ll issue a continuation certificate to extend your bond for another two years. File this certificate with the Board as instructed.
How Do I Update My Bond Information?
If you need to make small changes to your bond, such as name or address, email [email protected] with the updated information. Only your surety company can make changes to your bond form. Major changes will often require a new bond.
How to Register an Appraisal Management Company in New Jersey
In New Jersey, all appraisal management companies must register with the State Real Estate Appraiser Board. Attach the following supporting documents to your application form:
- Surety bond
- Background check authorization and fingerprints
- Payment for the application and registration fees
Mail all materials to this address:
Division of Consumer Affairs
State Real Estate Appraiser Board
P.O. Box 45032
Newark, NJ 07101
New Jersey AMC registrations expire annually. You’ll need to maintain both your registration and surety bond to operate for additional years.
How Much Does It Cost to Get a New Jersey AMC License?
You can expect to pay at least $2,000 to get your AMC license in New Jersey. This includes the following fees:
| Fee Type | Amount |
|---|---|
| Registration Fee | $2,500 if applying between July 1 of an odd year and August 31 of an even year $1,250 if applying between September 1 of an even year and August 31 of an odd year |
| Application Fee | $250 |
| Surety Bond (2-year coverage) | $500 |
