An Appraisal Management Company Surety Bond is a license and permit surety bond required by certain jurisdictions. Appraisal Management companies are companies that act as an external third party that manages a network of appraisers in the home selling process. They remove the management of home appraisals from the control of the lenders thereby providing homeowners with a more objective, independent evaluation of their home’s market value according to real estate transaction regulations.
States With Appraisal Management Company Surety Bond Requirements
New Mexico ($10,000)
Nebraska ($25,000 effective 1/1/12)
Tennessee ($20,000 effective 7/1/11)
Washington ($25,000 effective 7/1/11)