North Dakota AMC Bond Overview
- Purpose: To ensure AMCs operate honestly and fairly
- Who Needs It: All appraisal management companies operating in North Dakota
- Regulating Body: The ND Real Estate Appraiser Qualifications and Ethics Board
- Bond Amount: $25,000
- Premium Price: $125 for a one-year term
What Is a North Dakota Appraisal Management Company Bond?
A North Dakota appraisal management company (AMC) bond protects the public from financial harm. It guarantees honest business practices and compliance with state laws, including fair payment for appraisers.
If your AMC offers services in North Dakota, you’ll need to file a $25,000 bond with the Real Estate Appraiser Qualifications and Ethics Board.
How Much Do Appraisal Management Company Bonds Cost in North Dakota?
North Dakota appraisal management company bonds are available at a flat rate — no credit check needed! Select a multi-year term to save up to 25% on your cost:
- $125 for one year
- $219 for two years
- $313 for three years
Buy your bond instantly below.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a North Dakota AMC Bond Work?
Like all surety bonds, a North Dakota AMC bond is a legal contract between three parties.
| Bond Party | Description |
|---|---|
| Principal | The appraisal management company owner filing the bond |
| Obligee | The ND Real Estate Appraiser Qualifications and Ethics Board requiring the bond |
| Surety | The issuing surety provider |
By signing this bond form, you promise to comply with North Dakota Century Code Chapter 43-23.5. This law prohibits the following acts:
- Pressuring appraisers for a certain value
- Failing to pay your appraisers
- Altering appraisal reports without consent
- Providing false information to the Board
If you violate these terms, harmed parties can file claims against your bond. You must’re required to reimburse the surety for any valid claims paid.
How Do I Get My AMC Bond?
The bonding process only takes a few minutes! To get started, simply enter your personal and business information into the form on this page.
Check your email right after payment — we’ll send your official bond form via email. Be sure to sign and file it with the Board when you apply for your AMC registration.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require a credit check. The $125 premium is a flat rate for all applicants.
How Do I Renew My Bond?
ND appraisal management company bonds expire after one year, unless you select a multi-year term.
We’ll send you reminders by text and email starting 90 days before your expiration date. Once you pay the attached invoice, we’ll automatically extend your bond for another term. No additional paperwork needed.
How Do I Update My Bond Information?
Since your bond is a formal contract, only your surety company can make changes to your bond form. Email [email protected], and we’ll take care of any updates for you.
How to Register an Appraisal Management Company in North Dakota
All AMCs in North Dakota must register with the Real Estate Appraiser Board. First, anyone who owns more than 10% of your AMC must complete a criminal history record check, including:
- Criminal History Record Check Request Form (SFN 60688)
- Two fingerprint cards
- Fingerprint Verification Form (completed by the fingerprint technician)
- Check for the $41.25 fee
You can request the fingerprint packet and cards from the Board or visit any authorized finger printer location.
Then, complete the application form and attach:
- Surety bond form
- Check for the $2,500 fee
- Irrevocable Consent to Service of Process form (out-of-state AMCs only)
Mail all materials to this address:
ND Appraiser Board
PO Box 1336
Bismarck, ND 58502-1336
Registrations on September 30 annually. Be sure to maintain an active surety bond to avoid suspension.
What If My Company Changes Name or Address?
You need to notify the Board if any of the following information changes:
- Company name
- Physical or mailing address
- Phone number
- Website
- Fax number
- Email address
Visit the ND Appraisal Board website to find the applicable update forms. You’ll also need to contact your surety company with the new information. Then, you’ll receive a bond rider to file with the Board.
