Pennsylvania AMC Bond Overview
- Purpose: To ensure AMCs comply with state laws
- Who Needs It: Companies overseeing a panel of real estate appraisers in PA
- Regulating Body: The Pennsylvania Department of State, Board of Certified Real Estate Appraisers
- Bond Amount: $40,000
- Premium Price: $400 for a one-year term
What Is a Pennsylvania Appraisal Management Company Bond?
Pennsylvania appraisal management company bonds ensure that appraisal management companies (AMC) follow state laws.
The Department of State Board of Certified Real Estate Appraisers requires licensed AMCs to purchase a $40,000 surety bond as financial security.
Who Needs an Appraisal Management Company Bond?
Pennsylvania AMCs are licensed individuals that manage real estate appraisals for a client as a third-party. Under the Appraisal Management Company Registration Act, AMC’s provide the following services:
- Oversee a panel of more than 15 state-certified appraisers
- Recruit and contract appraisers
- Negotiate appraiser fees
- Submits appraisals to clients
- Perform administrative duties
How Much Do AMC Bonds Cost in Pennsylvania?
A $40,000 AMC bond costs $400 for a one-year term. Or, you can save up to 25% by selecting a multi-year term. Get your bond today!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Pennsylvania Appraisal Management Company Bond Work?
When you purchase an AMC bond, you enter a three-party legal agreement.
| 1. Principal | You, the appraisal management company owner(s) |
| 2. Obligee | The Department of State — Board of Certified Real Estate Appraisers |
| 3. Surety | The issuing surety provider |
If you don’t comply with the Appraisal Management Registration Act, harmed clients can file a claim on the bond. The surety will pay valid claims and you are responsible for reimbursing the surety.
How Do I Get an AMC Bond in Pennsylvania?
You can get your Pennsylvania AMC bond within minutes! Just complete these four steps:
- Provide personal and business information
- Pay the premium
- Get your bond via email
- File your bond
How Do I File My Bond?
File your bond with your AMC registration application. If submitting a physical application, file your bond at the following address:
The Department of State
Board of Certified Real Estate Appraisers
P.O. Box 2649
Harrisburg, PA 17105-2649
How Do I Renew My AMC Bond?
Pennsylvania AMC bonds expire annually and can be renewed online or over the phone. You’ll receive periodic renewal reminders starting 90 days before the term expiration.
Just follow the instructions in the email and text reminders and pay the invoice — no additional documents or filing needed!
How Do I Update My Bond Information?
If you need to update basic information like name and address, call 1(800)-308-4358 or email [email protected]. A customer care representative will assist you with a bond rider or issuing a new bond.
How to Get an Appraisal Management Company License in Pennsylvania
Apply for your AMC license through the Pennsylvania Licensing System (PALS). Complete the following steps to register and get your license:
- Log in or create a PALS account
- Purchase a $40,000 surety bond
- Designate a compliance person
- Provide information for each owner with at least 10% ownership, if applicable
- Pay the $1,000 registration fee
- Submit your application to the board
For a full list of application forms and documents, refer to the Board of Certified Real Estate Appraisers.
