Appraisal Management Company (AMC) Bonds
What is an Appraisal Management Company (AMC) Bond?
Surety bonds are required for real estate appraisal management companies (AMCs). AMCs typically serve as third party managers for a network of appraisers involved in the residential home sale process. In light of the real estate market turmoil in recent years, state legislative bodies have been actively reassessing the risks inherent in this industry. In many cases, this leads to changes in surety bonding obligations and amounts required.