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West Virginia Appraisal Management Company Bond

How much does an AMC bond cost in West Virginia?

Appraisal management companies in West Virginia are required to post a $50,000 surety bond with the Real Estate Appraiser Licensing and Certificate Verification Board. The premium applicants will pay for this bond varies because it is based on the applicant’s credit score. However, an applicant with excellent credit could pay as low as $500.

Ready to get bonded quickly, easily and accurately? Click here or give us a call at 1 (800) 308-4358 to connect with a surety specialist!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Appraisal Management Company Bond $50,000 Starts at $500 $2,000-4,000 $5,000+ 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.

Get started now! One of our bond experts will contact you right away to walk you through our quick and simple bonding process. It’s that easy!

Why do I need this bond?

West Virginia appraisal management companies need a surety bond because it protects consumers in the event that all rules and regulations aren’t followed. It is mandatory to take the proper courses and education to become a licensed appraisal management company. Specifically, these bonds are put in place for any person who suffers damage or loss as a result of the AMC’s breach of contract or violation of the law.

For a complete list of rules and regulations, visit the ”Legislative Rules” link in the important links section at the bottom of this page.

If you’re ready to get the surety bond you need, submit a bond request or give us a call at 1 (800) 308-4358. Our team of experts can typically provide applicants with free surety bond quotes within 1 business day of submitting an application.

What’s the fine print?

West Virginia AMC bonds remain in effect for one–year and must be renewed annually until cancelled or claimed against. The surety can cancel the bond by giving written notice of cancellation to the Real Estate Appraiser Licensing and Certificate Verification Board at least 30 days prior to the effective cancellation date.

How to become an appraisal management company in West Virginia

Along with posting a $50,000 surety bond, an applicant who wishes to become a licensed appraisal management company must submit the following:

  • A completed application
  • $150 application fee
  • a background check

There are two separate applications for residents and non–residents. Both applications are provided below in the important links section.

At SuretyBonds.com, our experts are here to answer all of your questions. Get started now!

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Legislative Rules

Residential AMC Application

Non-Residential AMC Application

Real Estate Appraiser Licensing and Certificate Verification Board Contact Information

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