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New Mexico Appraisal Management Company Bond

How much does an appraisal management company bond cost in New Mexico?

The New Mexico Board of Real Estate Appraisers requires the state’s appraisal management companies to post a $25,000 surety bond. SuretyBonds.com can instantly issue New Mexico AMC bonds for as low as $250. Credit checks are not required, so everyone qualifies for the same low rate. Give us a call at 1 (800) 308-4358, or contact a surety specialist online now to get bonded!

Bond Type Bond Amount Cost*
$25,000 Appraisal Management Bond (1-year term) $25,000 $250 Buy Now
$25,000 Appraisal Management Bond (2-year term) $25,000 $437.50 Buy Now
$25,000 Appraisal Management Bond (3-year term) $25,000 $625 Buy Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Contact us online to purchase your bond now. Or, give us a call at 1 (800) 308-4358 to speak with a surety expert.

Why do I need this bond?

New Mexico appraisal management company bonds ensure that the principal (appraisal company) will comply with the provisions and regulations stated in the New Mexico Appraisal Management Company Registration Act. Violations of this Act include, but are not limited to:

  • accepting an appraisal assignment while having contingent employment
  • conducting fraudulent business
  • being convicted of a crime related to real estate appraisals

For more information on appraisal management company bonds in New Mexico, contact an expert surety specialist today. You can get your bond for as low as $250 when you choose SuretyBonds.com.

What’s the fine print?

This bond is to remain in effect through the duration of the company’s registration. The principal’s signature on the bond form must be witnessed by a licensed notary.

If the bond is to be canceled, the surety must send a written cancellation notice to the obligee (state of New Mexico) at least 30 days in advance.

How to become an appraisal management company in New Mexico

Registering an appraisal management company in New Mexico requires, but is not limited to, the following qualifications:

  • a fully completed application
  • the name and contact information for the business seeking registration
  • the name and contact information for controlling members
  • required certifications
  • a satisfactory surety bond
  • any other information as requested by the board

Detailed licensing information can be found in the “Important Links” section on this page.

To get your AMC license in New Mexico, get started by purchasing your required surety bond.

Ready to get started?

Get a FREE Appraisal Management Company Bond Quote Today!

Appraisal Management Company Registration

New Mexico Boards and Commissioners Real Estate Appraisers: Overview

New Mexico Real Estate Appraisers: Forms and Applications

Real Estate Appraisers: Rules and Law

Article 30: Real Estate Appraisers

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