Georgia Appraisal Management Company Bond

A Georgia Appraisal Management Company Bond (AMC Bond) is a type of surety bond required by the Georgia Real Estate Appraisers Board for AMCs to operate legally in the state. The bond amount is $20,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Georgia Appraisal Management Company Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Georgia Appraisal Management Company Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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How to Get a Georgia AMC License

To obtain a Georgia Appraisal Management Company (AMC) license, you’ll need to follow these steps through the Georgia Real Estate Commission & Appraisers Board (GREAB):

1. Review Requirements: Familiarize yourself with the criteria for AMC registration in Georgia. The GREAB website offers a downloadable AMC Registration form, which outlines the registration requirements.
2. Qualify for Ownership: Ensure all owners, qualifying managers, and branch managers of the AMC meet the qualifications outlined by GREAB. This likely involves education and experience in real estate or a related field.
3. Complete Application: Download and fill out the AMC Registration application form thoroughly. It might request details about your company, ownership structure, qualifications of key personnel, and business practices.
4. Gather Supporting Documents: Compile any necessary documents required by the application, such as proof of Errors and Omissions (E&O) insurance, business licenses, and resumes of key personnel.
5. Pay Fees: Prepare to pay the non-refundable registration fee of $1,000, along with any additional fees mentioned on the application form. Payment methods might be specified (cashier’s check or money order).
6. Submit Application Package: Send the completed application form with all supporting documents and the required fees to the GREAB office. Make sure your application is complete to avoid delays.
7. Provide the surety bond : Be prepared to submit the required $20,000 Georgia Appraisal Management Company Bond
8. Background Investigation: Be prepared for a potential background investigation. This can take additional processing time.
9. License Issuance: Upon successful application review and background check, the GREAB will issue your AMC license, allowing you to operate in Georgia.

Additional Resources:

• Georgia Real Estate Commission & Appraisers Board: https://georgia.gov/organization/georgia-real-estate-commission-appraisers-board (https://georgia.gov/organization/georgia-real-estate-commission-appraisers-board)
• AMC Registration Form (downloadable)

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.