In Arizona if you wish to operate an appraisal management company you must provide an Arizona appraisal management company bond to the Arizona Board of Appraisal and meet the licensing requirements. Arizona statute defines an “AMC” as a corporation, partnership, sole proprietorship, subsidiary or other business entity that directly or indirectly performs appraisal management services, regardless what it calls itself, that does any of the following: (a) Administers an appraiser panel of independent contract appraisers to perform real property appraisal services in Arizona; (b) Receives requests for real property appraisal services from clients and, for a fee paid by the client, enters into an agreement with one or more independent appraisers to perform the real property appraisal services contained in the request; or, (c) Otherwise serves as a third party liaison of appraisal management services between clients and appraisers. Pursuant to A.R.S §§ 32-3661 et. seq. (Formerly known as SB1351) the Arizona appraisal management company surety bond must be in the amount of $20,000 and guarantee that the licensee with comply with the ‘Code’. Surety One, Inc., the nation’s surety leader provides same day bonding of all appraisal management company bond applicants regardless of credit condition. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com, for an Arizona appraisal management company bond application other information regarding surety bonds. Multi-state AMC? No problem! We offer surety bonds in ALL fifty states and beyond.
