This bond is required for companies in Utah that coordinate home appraisals between lenders and property appraisers. These management companies act as middlemen in the real estate process. The state requires a $25,000 bond to protect consumers and ensure these companies follow Utah's appraisal laws and regulations. If…
Overview
What it is.
This bond is required for companies in Utah that coordinate home appraisals between lenders and property appraisers. These management companies act as middlemen in the real estate process. The state requires a $25,000 bond to protect consumers and ensure these companies follow Utah's appraisal laws and regulations. If…
Who usually needs it
Appraisal Management Companies (AMCs) operating in Utah—specifically businesses that provide real estate appraisal management services or act as third-party agents between appraisers and clients—must obtain this bond to register initially or renew their registration with the state.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateUTBond amount$25,000ObligeeState of UtahBond classLicense BondCategoryReal EstateBondUtah Appraisal Management Company BondJurisdictionStatePlain descriptionThis bond is required for companies in Utah that coordinate home appraisals between lenders and property appraisers. These management companies act as middlemen in the real estate process. The state requires a $25,000 b…Who needs this bondAppraisal Management Companies (AMCs) operating in Utah—specifically businesses that provide real estate appraisal management services or act as third-party agents between appraisers and clients—must obtain this bond to…
