Oregon AMC Bond Overview
- Purpose: To ensure appraisal management companies follow state regulations
- Who Needs It: All real estate appraisal management companies in Oregon
- Regulating Body: The Oregon Appraiser Certification and Licensure Board
- Bond Amount: $25,000
- Premium Price: $250 for a one-year term
What Is an Oregon Appraisal Management Company Bond?
An Oregon appraisal management company (AMC) bond protects home buyers and sellers from fraudulent or negligent appraisal practices. It ensures that the state and appraisers receive appraisal fees and compensation.
The Oregon Appraiser Certification and Licensure Board defines an AMC as:
- Having a panel of 16+ appraisers in Oregon, or
- Overseeing 25+ appraisers in 2+ states
If you meet either of these criteria, you’ll need to register your AMC and file a surety bond.
How Much Do AMC Bonds Cost in Oregon?
Oregon AMC bonds cost a flat rate of $250 per year. However, you can save 25% by selecting a two or three-year term. Purchase your bond instantly today — no credit check required!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Oregon Appraisal Management Company Bond Work?
Like all appraisal management company bonds, an Oregon AMC bond forms a legal contract between three parties.
| Bond Party | Description |
|---|---|
| Principal | The appraisal management company owner filing the bond |
| Obligee | The Oregon Appraiser Certification and Licensure Board requiring the bond |
| Surety | The issuing surety provider |
This bond is your promise to the Board that you’ll uphold Oregon Revised Statutes Chapter 674. These practices are strictly prohibited:
- Pressuring an appraiser to reach a specific value
- Threatening to withhold payment or future work to affect an appraisal
- Allowing unlicensed individuals to perform appraisals in Oregon
- Altering appraisal reports
If you commit any of these acts, your surety bond will protect anyone who is financially harmed. However, you’ll need to reimburse the surety for any paid claims.
How Do I Get My Bond?
You can purchase your bond in just minutes using the form on this page. After payment, you’ll receive your official AMC bond form via email. Be sure to sign and file it with the Board.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require an application or credit check! You can buy your bond anytime at the same flat rate.
How Do I Renew My Bond?
Oregon appraisal management company bonds expire at the end of your selected term. We’ll send you reminders starting three months before your expiration date. Simply pay the attached invoice to extend your bond for another term.
Can I Make Changes to My Bond?
Yes, in some cases, but only your surety company can update your official bond form. Email [email protected] with the update request. We’ll issue a bond rider form to file with the Board if possible.
How to Register an Appraisal Management Company in Oregon
All appraisal management companies in Oregon must register with the Appraiser Certification and Licensure Board. Follow these steps to apply:
- Register your business entity with the state.
- Get a $25,000 surety bond.
- Authorize a background check and submit fingerprints.
- Complete the application form. Include payment for all fees.
You can find all the necessary documents on the Board website. The application processing time is typically one week.
How to Renew Your Registration
Oregon AMC registrations expire every two years. However, you’ll still need to renew your surety bond annually if you selected a one-year term.
To renew, complete the renewal application form and pay the $4,250 fee. There are no continuing education requirements.
How Much Does It Cost to Register?
You can expect to pay $4,296.25 to register your AMC in Oregon. This includes the following fees:
| Fee | Amount |
|---|---|
| Registration Fee | $3,000 |
| Application Fee | $1,000 |
| Fingerprinting Fee | $46.25 per person |
| Surety Bond | $250 |
