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Georgia Appraisal Management Company Bond

How much does an appraisal management company surety bond cost in Georgia?

The Georgia Real Estate Appraisers Board requires appraisal management companies to post $20,000 surety bonds in order to operate legally within the state. Appraisal management bonds in Georgia are typically issued instantly and cost just $200.

Bond Type Bond Amount Cost*
$20,000 Appraisal Management Company Bond $20,000 $200 Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

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Why do I need this bond?

By purchasing an AMC bond in Georgia, the principal (appraisal management company) guarantees consumers that its duties will be performed faithfully, honestly and lawfully. Although the applicant does not perform the appraisal, they do work directly with important documents involved in a real estate appraisal, and the bond ensures that all pieces of the report are ordered, tracked, recorded, prepared and delivered accurately and in a timely manner. If the applicant conducts business unethically, such as wrongfully altering the appraisal report or neglecting to pass on any special instructions from the lender to the appraisers, this bond protects clients from any resulting financial loss up to the full penal sum of the bond.

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What’s the fine print?

Appraisal management company surety bonds in Georgia remain in full effect unless otherwise canceled by the surety or the state.

The Georgia Real Estate Appraisers Board reserves the right to terminate this bond at any time by giving written notice of such termination to the surety.

How to become an appraisal management company in Georiga

The process of becoming a registered AMC in Georgia includes, but is not limited to:

  • submitting a completed Appraisal Management Company Registration Application
  • attaching a Secure and Verifiable Document and a Notarized Affidavit as detailed in the Lawful Presence Verification form
  • paying a non-refundable registration fee of $1,000
  • attaching a Georgia Criminal Information Center report for the controlling person (if a Georgia resident)

More licensing information can be accessed via the Additional Resources section of this page.

Take the first step toward becoming a licensed AMC by purchasing the surety bond you need today!

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Additional Resources

Real Estate Appraiser Classification and Regulation Act

Georgia Real Estate Commission and Appraisers Board

Georgia House of Representatives HB 172 - Real estate appraisers; amend provisions

Georgia Real Estate Appraisers Board Appraisal Management Company Registration Application

Georgia Real Estate Appraisers Board Forms/Applications for Appraisers, Appraisal Management Companies, and Hearing Officers

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