If you are engaged as a real estate appraisal registrant in Pennsylvania, you are required under chapter PA Code section 36.351 to file a Pennsylvania Real Estate Appraisal Management Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Pennsylvania Real Estate Appraisal Management Bond holds you accountable for your business decisions.
By possessing a Pennsylvania Real Estate Appraisal Management Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.