In New Mexico if you wish to operate a real estate appraisal management company you must provide a New Mexico appraisal management company bond. The law requires that an Appraisal Management Company by licensed by the New Mexico Board of Real Estate Appraisers prior to conducting business. New Mexico defines an “AMC” as a corporation, partnership, sole proprietorship, subsidiary, limited liability company or other business entity that; (a) contracts with independent appraisers to perform real estate appraisal services for clients; (b) receives requests for real estate appraisal services from clients and for a fee paid by client, enters into an agreement with one of more independent appraisers to perform the real estate appraisal services contained in the request;(c) otherwise serves as a third-party broker of appraisal management service between clients and appraiser. The New Mexico appraisal management company bond must be in the amount of $10,000 and guarantee that the AMC will comply with the provisions of the Appraisal Management Company Registration Act, NMSA 1978, § 47-14-1 to -23 (2009, as amended through 2010) and all regulations enacted subject to the Act. 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 a New Mexico 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.
