Who needs to file an Arkansas Appraisal Management Company Bond?
The Arkansas Appraisal Management Company Bond is required by the Arkansas Appraiser Licensing and Certification Board under Section 17-14-406 of the Arkansas Code for all who wish to be licensed as an appraisal management company in the state.
An appraisal management company means a person that performs the actions necessary to administer a network of state-licensed appraisers to fulfill requests for appraisal management services on behalf of a client, including without limitation:
- Recruiting appraisers;
- Contracting with appraisers to perform appraisal services;
- Negotiating fees with appraisers;
- Receiving appraisal orders and appraisal reports;
- Submitting appraisal reports received from appraisers to the company’s clients;
- Providing related administrative and clerical duties;
The bond in the amount of $20,000. It is designed to boost consumer safety and stabilize the housing market.
How do I obtain a Arkansas Appraisal Management Company Bond?
Surety Solutions Insurance Services Inc was established in 2003. Although our headquarters are located in California, we are actually licensed in all 50 states. We have also partnered with several surety markets to ensure that we would only offer the best rates for all our clients. Our application processing time is also very fast, with some applications taking just a business day to get approved!
If you wish to get this surety bond from us, please fill out and submit an online application form. You will then be contacted by our licensed agents who will give a no-obligation quote for your bond. If you find the price to your satisfaction, just pay the said amount and sign all the paperwork. We will then send the surety bond through USPS Priority Mail or overnight delivery.
With an A+ rating from the Better Business Bureau, you can only expect the best service from us here at Surety1.