Washington Appraisal Management Company License Surety Bond
Appraisal Management Companies (AMC's) operating in the State of Washington are required to be licensed as an AMC. As a part of the licensure, all entities are required to post and maintain an Appraisal Management Company License Bond in a minimum amount of $100,000.00. The bond is required to provide any person or persons harmed by the actions of the licensed AMC. Washington enacted this law as of July 28, 2013
The bond (sometimes called an AMC Surety Bond, an Appraisal Management Bond or a Real Estate Appraiser Bond) guarantees that the AMC will operate in accordance with all federal and Washington state laws relating to the appraisal industry. Learn more about what surety bonds are and how they work
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