New Mexico Appraisal Management Company (AMC) Bonds
What is a New Mexico Appraisal Management Company (AMC) Bond?
The New Mexico Board of Real Estate Appraisers requires that real estate appraisal management companies (AMCs) post $25,000 surety bonds. 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.