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Washington Appraisal Management Company Bond

How much does an AMC bond cost in Washington?

The Washington State Department of Licensing requires appraisal management companies to post $100,000 surety bonds.

The price you’ll pay for your surety bond depends on a review of your personal credit report. Applicants with strong financial credentials could qualify to pay as low as 1% of the required bond amount. Ready to find out exactly how much you’ll pay? Request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Appraisal Management Company Bond $100,000 Starts at $1,000 $5,000-8,000 $10,000+ 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.

Connect with our team of surety experts by calling 1 (800) 308-4358 or submitting a bond request now. We’ll walk you through each step of our fast and easy bonding process.

Why do I need this bond?

Washington appraisal management company bonds ensure that principals (AMCs) comply with all provisions of Chapter 18.310 RCS of the state of Washington and with all rules and regulations adopted by the Director of the Department of Licensing. Some prohibited acts under this bond include:

  • failing to pay appraisers within 45 days of an appraisal
  • coercing an appraiser to give a certain appraisal amount
  • withholding or threatening to withhold payment
  • expressing or promising future business
  • altering an appraisal report
  • prohibiting communication between the lender, the real estate licensee, the property owner and any other third party involved
  • and more

If the principal fails to comply with these terms, the bond protects harmed parties from financial loss.

Connect with our team of surety bond experts now!

What’s the fine print?

AMC bonds in Washington remain in full force and effect until canceled or violated. In the event of cancellation, the Business and Professions Division requires the surety to provide notice of cancellation and the reason for cancellation 30 days prior to the date termination takes effect.

Surety underwriting companies require current business financials and a personal financial statement to produce Washington appraisal management company surety bonds. To expedite the bonding process, have these documents ready when you submit a surety bond request to our team.

How to become an AMC in Washington

To become a licensed appraisal management company in Washington, applicants must do the following:

  • submit fingerprints for the designated controlling person and each owner with at least 10% interest in the company on the state-provided cards
  • complete an appraisal management company application
  • post a $100,000 surety bond
  • complete an appraisal management company controlling person and owner registration
  • mail all completed forms, fingerprint cards and a check or money order for the required fees to the Appraisal Management Company Program in Seattle, Washington
  • and more

Applicants should allow at least 2 weeks for the department to review the application and determine eligibility.

Complete licensing information can be accessed via the Important Links section of this page. Begin the licensing process by purchasing the surety bond you need!

Ready to get started?

Get a FREE Appraisal Management Company Bond Quote Today!

Washington State Department of Licensing Appraisal Management Company $100,000 Surety Bond form

Washington State Department of Licensing Appraisal Management Company Application

Washington State Department of Licensing How to get your license: Appraisal management companies

Washington State Department of Licensing Appraisal management companies

Revised Code of Washington Chapter 18 Section 310 Appraisal Management Companies

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