Cost: varies, click below to choose
Utah Appraisal Management Companies are required under the Utah Administrative Rule R162-2e-201(c) to file a Utah Appraisal Management Company 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 Utah Appraisal Management Company Bond holds you accountable for your business decisions.
By possessing a Utah Appraisal Management Company Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.