North Dakota requires every appraisal management company to file a $25,000 bond with the Real Estate Appraiser Qualifications and Ethics Board before registering. Ours is $250 — set by our carrier's rate book, the same for every company — and the application collects no credit information.
















AMC bonds are among the simplest in surety. Here's the entire process:
Business details and an effective date. That's the application — no financials, no credit fields, no follow-up scavenger hunt.
Fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with your AMC registration. Wet-ink original mailed on request.
An appraisal management company sits between lenders and appraisers — ordering appraisals, managing panels, and paying appraisers. North Dakota registers AMCs and conditions registration on a $25,000 surety bond as a consumer-and-appraiser protection.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of North Dakota (the obligee), with consumers and appraisers as the protected parties. If an AMC violates appraisal-management law — for example, by failing to pay appraisers or breaching appraisal-independence rules — a harmed party can recover against the bond.
The bond must stay active for as long as you are registered. Let it lapse and your registration can be suspended — so we track it and notify you 60 and 30 days out, keeping your $25,000 filing continuous. If the surety pays a claim, the AMC repays the surety.
These are the actual issuing fields — the application collects no credit information for this bond.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$250, five-minute application, bond often issued in the same sitting. Free until issued.