An appraisal management company bond is required by the State of Arizona as a prerequisite for a corporation, partnership, sole proprietorship, subsidiary, or other business entity to legally operate an appraisal management company in Arizona. The bond guarantees that the appraisal management company will operate in accordance with the applicable government rules and regulations.
Any corporation, partnership, sole proprietorship, subsidiary, or other business entity directly or indirectly performing appraisal management services is required by State of Arizona statutes to obtain a bond.
Anyone who a) administers an appraiser panel of independent contract appraisers to perform real property appraisal services in Arizona for clients; b) receives requests for real property appraisal services from clients and enters into an agreement with an independent appraiser to perform the real property appraisal services contained in the request for a fee paid by the client; or c) otherwise serves as a third party liaison of appraisal management services between clients and appraisers is required to obtain a bond.
A $20,000 surety bond is required by the State of Arizona from a surety company authorized to conduct business in Arizona.
Colonial offers the direct and digital way to obtain an Arizona appraisal management company bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!
An Arizona appraisal management company bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain an Arizona appraisal management company bond when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.
Arizona Appraisal Management Company Bond
An appraisal management company bond is required by the State of Arizona as a prerequisite for a corporation, partnership, sole proprietorship, subsidiary, or other business entity to legally operate an appraisal management company in Arizona.
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