The Alabama Appraisal Management Surety Bond is required by the Real Estate Appraisers Board for the State of Alabama. The bond amount is required to be $25,000. Surety1 can write this bond as low as $250 for the year.
In order to legally operate an Appraisal Management Company in Alabama, you need to obtain an Alabama Appraisal Management Company License. First, you must make sure that any person who will be in your panel actually holds a license are able to do their work according to the Uniform Standards of Professional Appraisal Practice. To register your company and get the license, you will need to submit a business license application. This application can be obtained from the Real Estate Appraiser Board. Do take note that the application should be typed and that the cost of the license application amounts to about $3500. There are also some other attachments that you need. You can get more information from the Alabama Real Estate Appraisers Board website.
Along with the typed application for the Alabama Appraisal Management Company License, you will also need to submit an Alabama Appraisal Management Surety Bond that amounts to $25,000.
A surety bond is needed so that there is a guarantee on to the public and the state that you will be conducting your business in a professional manner.
The process of getting the surety bond is easy. We offer an easy to use online application that can be completed in a matter of minutes. Soon after applying you will be contacted by one of our licensed agents with a firm quote. Then you complete some paperwork, make payment and your bond will be delivered to you via USPS Priority Mail. Overnight delivery is also available.
Surety Solutions Insurance services, Inc. (Surety1) is licensed in all 50 states and is rated A+ by the Better Business Bureau . Surety1 has been writing surety bonds in Alabama since 2003.