How much will my appraisal management company bond cost in Oregon?
Oregon appraisal management company bonds are required by the Oregon Appraiser Certification and Licensure Board and must be in the amount of $25,000.
SuretyBonds.com can issue this bond for just $250 with no underwriting required. Simply click Buy Now to visit our secure payment portal and purchase your bond online today. In just a few minutes you can be on your way to getting bonded as an appraisal management company in Oregon.
|Bond Type||Bond Amount||Cost|
|$25,000 Appraisal Management Company Bond||$25,000||$250|
Why do I need this bond?
Oregon appraisal management company bonds ensure that appraisal management companies will abide by all laws, rules and regulations stated in the Oregon Revised Statutes Chapter 674. The following actions are prohibited under the Revised Statutes:
- Withholding or threatening to withhold timely payment or future business
- Altering any appraisal report
- Influencing development of any appraisal report
What’s the fine print?
Oregon appraisal management company bonds are continuous until canceled and must be renewed for as long as the license remains active. If the surety for any reason decides to cancel this bond, 30 days’ written notice must be provided to the Oregon Appraiser Certification & Licensure Board.
How to become an appraisal management company in Oregon
Becoming bonded is just the first step toward becoming registered with the state as an appraisal management company. The following are the additional requirements to be completed prior to getting licensed:
- Turning in full application
- Complete background check
- Paying fingerprint fees
- Providing necessary disclosures to the board
Ready to get started?