South Dakota appraisal management bonds.
$275 flat.
South Dakota requires every appraisal management company to file a $25,000 surety bond to register, under SDCL 36-21D-12. Ours is $275 flat — set by our carrier’s rate book, identical for every AMC. The bond issues the moment you pay — no credit check.
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How much does a South Dakota appraisal management bond cost?
$275 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Registration bonds like this are simple. Here’s the entire process:
Apply online
Company details and an effective date. That is the application. No credit check.
Pay & e-sign
Registration bonds like this are among the thousands of bond types that issue right after purchase.
File with the Department of Labor & Regulation
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.
What it is and who needs it.
What the AMC bond actually guarantees
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.
You need this bond if you’re
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $25,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Department of Labor & Regulation. 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.
What sets the price
The premium is fixed at $275 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other South Dakota bonds.
The same bond in nearby states.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your AMC registration today.
$275 flat, no credit check, bond often issued in the same sitting. Free until issued.