North Carolina Appraisal Management Company (AMC) Bonds
North Carolina Appraisal Management Company (AMC) Bond Information
Surety bonds are required for North Carolina real estate appraisal management companies (AMCs). The AMC Registration Bond is required by the North Carolina Appraisal Board and the bond amount is $25,000. 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 bonding obligations and amounts required.