North Carolina AMC Bond Overview
- Purpose: To guarantee compliance with state appraisal management laws
- Who Needs It: All appraisal management companies operating in North Carolina
- Regulating Body: The North Carolina Appraisal Board
- Bond Amount: $25,000
- Premium Price: $250 for a one-year term
What Is a North Carolina Appraisal Management Company Bond?
A North Carolina appraisal management company (AMC) bond ensures AMCs operate fairly and pay their appraisers for completed work.
If you’re applying for an appraisal management company license, the North Carolina Appraisal Board requires you to file a $25,000 surety bond.
How Much Do AMC Bonds Cost in North Carolina?
$25,000 North Carolina appraisal management company bonds cost $250 for a one-year term — no credit check needed. Since these bonds expire on June 30 each year, your exact price will be prorated based on the purchase date.
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How Does a North Carolina AMC Bond Work?
A North Carolina appraisal management company bond creates a legally-binding contract between three parties.
| Bond Party | Description |
|---|---|
| Principal | The appraisal management company owner purchasing the bond |
| Obligee | The North Carolina Appraisal Board requiring the bond |
| Surety | The issuing surety provider |
This bond financially guarantees you’ll uphold North Carolina General Statutes Chapter 93E, Article 2. The following acts are prohibited:
- Pressuring appraisers to reach a certain property value
- Using unlicensed appraisers
- Failing to pay appraisers
- Altering reports without the appraiser's knowledge and consent
- Providing false or misleading information to the Board
If you violate these statutes, harmed parties can file claims against your bond. The surety will pay out valid claims up to the full $25,000 bond amount. However, you must refund the surety.
How Do I Get an NC Appraisal Management Company Bond?
You can buy your bond instantly using the form on this page. Once we process your payment, you’ll receive your official bond form via email. File the bond along with your license application.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require a credit check! Anyone can purchase this bond at the same rate.
How Do I Renew My Bond?
North Carolina appraisal management company bonds expire annually on June 30. We’ll send you periodic reminders and a renewal invoice leading up to the expiration date.
Once you pay the premium, we’ll issue a continuation certificate to extend your bond for another term. Be sure to file it with the Appraisal Board.
Can I Make Changes to My Bond?
You can request small changes to your bond, such as name or address, by emailing [email protected]. We’ll issue a bond rider form to update your current bond.
How to Register an Appraisal Management Company in North Carolina
To register your appraisal management company in North Carolina, start by designating a compliance manager with an appraiser certification.
Then, complete the application form and attach the following supporting materials:
- Compliance Manager application
- Legal structure of the company and organizational documents
- Ownership list (Attachment A)
- Officers and Directors list (Attachment B)
- Certificate of Authority
- Surety bond form
- Description of certification systems
- Criminal Background Check results for the Compliance Manager and any 10%+ owners
- Check for the $3,500 fee
If you’re headquartered outside of North Carolina, you’ll also need to include the following:
- Company agent located in NC
- Notarized Consent to Service of Process and Pleadings
Then, mail all documents to the address below:
North Carolina Appraisal Board
5830 Six Forks Road
Raleigh, NC 27609
919-870-4854
The entire process typically takes 2–3 weeks.
How Do I Renew My Registration?
NC appraisal management company licenses expire annually on June 30. You can renew online or by mail. Be sure to file your surety bond continuation certificate and pay the $2,000 registration renewal fee. There’s no continuing education requirement.
How Can I Qualify for the National Registry?
The National Registry is a database of appraisal management companies that meet the federal requirement. To qualify, you need to provide proof of one of the following from the prior calendar year:
- At least 16 licensed appraisers in North Carolina
- At least 25 appraisers licensed in two or more states
The registration fee is $25 per appraiser who worked in North Carolina in the past year.
