South Dakota requires every appraisal management company to file a $25,000 surety bond to register, under SDCL 36-21D-12. Ours is $750 flat — 3% of the bond amount, identical for every AMC. The application is five minutes, with no credit check on this bond.
















Registration bonds like this are simple. Here’s the entire process:
Company details and an effective date. That’s the application — no financials and no credit check section.
Registration bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond arrives by email, ready to file with your AMC registration or renewal at the Appraiser Certification Program. Wet-ink original mailed on request.
$25,000 bond × 3% = $750, one-time per term. Fixed amount, fixed price, multi-year if you want it.
South Dakota registers appraisal management companies through the Department of Labor & Regulation’s Appraiser Certification Program, and conditions registration on a $25,000 surety bond under SDCL 36-21D-12. The bond is an appraiser-and-public-protection guarantee.
Specifically, the bond backs the AMC’s obligation to pay the appraisers who perform work for it, and to pay amounts adjudged against it for a negligent or improper appraisal, a negligent or improper appraisal management service, or breach of contract. If the AMC fails and an appraiser or harmed party recovers against the bond, you repay the surety.
The $25,000 must stay continuously on file. If the bond is cancelled or reduced below $25,000, the company must file a replacement or surrender its registration — so we track it and notify you 60 and 30 days out to keep your filing continuous. An irrevocable letter of credit is an accepted alternative under the statute, but a surety bond is usually far cheaper.
These are the actual issuing fields — no credit check section, because this bond doesn’t have one.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$750 flat, five-minute application, bond often issued in the same sitting. Free until issued.