$40,000 Appraisal Management Company Bond
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How much does an appraisal management company bond cost in Pennsylvania?
An appraisal management company bond in Pennsylvania costs $400 and is issued instantly. You can also save time and money on your renewal when you choose a two-year or three-year term at checkout.
Simply click Buy Now to buy your bond using our secure bond checkout. When you work with Suretybonds.com, it only takes a few minutes to get the bond you need for your Pennsylvania appraisal management company license.
If you’re ready to purchase your surety bond, submit a bond request today. One of our experts will personally contact you to walk you through our clear-cut bonding process. It’s that easy!
Why do I need an AMC bond in Pennsylvania?
The Pennsylvania Department of State - State Board of Certified Real Estate Appraisers requires any business performing appraisal services to be bonded. These bonds are conditioned on the company’s compliance with the rules detailed in the Pennsylvania Appraisal Management Company Registration Act.
Additional information about appraisal management company bonds
Pennsylvania AMC bonds must be renewed annually for as long as the license remains in effect. If your license expires, you must contact the Board Office to request a reactivation application. You may contact the Board Office by phone at (717) 783-4866 or by email.
The State Board of Certified Real Estate Appraisers may require an increase in the bond amount should the financial strength of the applicant fall below the minimum amount required by the law.
How to start an appraisal management company in Pennsylvania
To start an AMC in Pennsylvania, the applicant will need to complete the Appraisal Management Company Registration Application, as well as complete the following steps:
- Post $20,0000 surety bond
- Complete background checks for any owner, compliance person, and/or key person
- Provide true and correct copies of conviction(s)
- Pay required non-refundable application fee of $2,000 in the form of a check or money order made payable to the “Commonwealth of Pennsylvania”
- Maintain a copy of the completed application for records
Upon completion, mail the application and required documents to the following address:
State Board of Certified Real Estate Appraisers
P.O. Box 2649
Harrisburg, PA 17105-2649
Appraisal Management Company Bonds Nationwide
Many appraisal management companies are licensed to work in multiple states, meaning they are must adhere to different license and bonding requirements. For more information about appraisal management company bonds in other states, visit the SuretyBonds.com Guide to Appraisal Management Company Bonding or select a state from the list below to view each state’s AMC bond requirements.
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