By Peter Christensen Current AMC Bond Requirements
Eighteen states now require AMCs to carry surety bonds to be
properly registered to operate in those states.
The required bond amounts vary from $10,000 in New Mexico to $100,000 in
Washington. A list at the end of this post shows the
required bond amounts in each state.
Are AMC Bonds Working?
The requirement for AMCs to carry bonds serves two purposes.
Via:: Appraisal Management Company (AMC) License Bonds. Are They Working?
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Written by : Peter Christensen
Peter Christensen is an attorney. He’s a member of the California, Washington, and Montana state bars. His law practice is dedicated to valuation issues. He’s the author of Risk Management for Real Estate Appraisers and Appraisal Firms, published by the Appraisal Institute. He has taught hundreds of appraiser legal and liability prevention seminars around the country.