Wyoming Appraisal Management Company Bond Overview
- Purpose: To protect home buyers and sellers from financial loss if an appraisal company causes harm
- Who Needs It: Residential real estate appraisal management companies in Wyoming
- Regulating Body: The Wyoming Real Estate Commission Certified Appraiser Board
- Bond Amount: $25,000
- Premium Price: $250 for a 1-year term
What Is a Wyoming Appraisal Management Company Bond?
A Wyoming appraisal management company (AMC) bond is a financial guarantee that AMCs will follow federal and state laws. The surety bonds may be used to reimburse any appraiser or client who suffers loss if an appraisal company violates the Wyoming AMC Registration and Regulation Act.
Who Needs an Appraisal Management Company Bond?
All residential real estate appraisal management companies in Wyoming are required to hold this $25,000 surety bond. You’ll need it for the length of your license term(s).
An AMC is defined as any business that contracts with independent appraisers to offer real estate appraisals to home owners and buyers.
How Much Do Appraisal Management Company Bonds Cost in Wyoming?
The Wyoming appraisal management company bond costs $250 annually. Everyone pays a flat rate with no credit check. Choose a multi-year discount at checkout to extend your AMC bond term and save 25%.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Wyoming Appraisal Management Company Bond Work?
By filing this bond, you enter a legally-binding financial contact between three parties.
- Principal: The appraisal management company owner(s)
- Obligee: The Wyoming Real Estate Commission Certified Appraiser Board
- Surety: The issuing surety provider
By filing this bond, you agree to pay all amounts owed to appraisers. You are also liable for paying any funds owed if you breach a contract or are negligent in your AMC services.
This is where the surety comes in — the surety company validates and pays claims up to $25,000. Then, you are responsible for repaying the surety.
How Do I Get an AMC Bond in Wyoming?
You can buy your Wyoming appraisal management company bond online 24/7. Simply provide your company name and address for Real Estate Commission filing approval.
Once you checkout through our secure online portal, you’ll receive your official bond documents via email.
How Fast Can I Get My Bond?
You can purchase and receive your bond in under 10 minutes with SuretyBonds.com. Just complete the purchase on this page, then we'll send you an email with the bond form within 5 minutes.
Can I Get Bonded With Bad Credit?
Yes, all applicants are automatically approved for the Wyoming AMC bond. No credit check or application is required.
How Do I Renew My AMC Bond?
These bonds expire after one year. To renew, simply pay your renewal invoice when prompted by us. You can extend your bond indefinitely as long as there are no claims.
