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Utah Appraisal Management Company Bond

How much does an appraisal management company bond cost in Utah?

The Utah Division of Real Estate requires appraisal management companies to post $25,000 surety bonds. These bonds are subject to underwriting consideration, so the price you’ll pay is based on a review of your personal credit report. Applicants with strong financial credentials could qualify to pay as low as 1% of the total bond amount, or just $250!

Bad credit? No problem! The experts at SuretyBonds.com can help you get the bond you need quickly, easily and accurately. Get started now!

Bond Type Bond Amount Cost*
$25,000 Appraisal Management Company Bond $25,000 Starts at $250 Apply 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.

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or submit a bond request. One of our bond experts will personally walk you through our clear-cut bonding process step-by-step.

Why do I need this bond?

Utah AMC surety bonds ensure that principals (appraisal management companies) adhere to the standards of the Utah Administrative Code, the Appraisal Management Company Administrative Rules and the Division of Real Estate. This particular bond allows for claims to be made against the bond in the event of financial losses resulting from the principal’s professional behavior. If a valid claim is made against the bond, the surety will compensate the injured parties for damages up to the full bond amount. The AMC, in turn, must reimburse the surety for any damages paid out.

Receive a free, personalized quote on a Utah AMC bond within 1 business day of applying when you work with SuretyBonds.com!

What’s the fine print?

Appraisal management bonds are continuously effective until canceled and must be maintained as long as the principal conducts appraisal management business services. The surety must give the Division of Real Estate at least 30 days of notice prior to any cancellation.

How to become an AMC in Utah

To register as an AMC in Utah, applicants must complete the proper application, including the following information:

  • full legal name of business entity
  • business address along with email and phone number
  • registered agent name
  • certificate of existence from the Utah Division of Corporations
  • applicable fees
  • application for main controlling person
  • two fingerprint cards with $40 fingerprint processing fee
  • letter of waiver
  • criminal history of all officers

Complete registration information can be accessed from the Additional Resources section of this page.

Start the licensing process by purchasing the surety bond you need.

Ready to get started?

Get a FREE Appraisal Management Company Bond Quote Today!

Additional Resources

State of Utah Department of Commerce Division of Real Estate Appraisal Management Company Application

Utah Department of Commerce Division of Real Estate Register an Appraisal Management Company (AMC)

Utah Department of Administrative Services Division of Administrative Rules Utah Administrative Code R162. Commerce, Real Estate. Rule R162-2e. Appraisal Management Company Administrative Rules.

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