Cost: $250 ( 1 Year )
Appraisal Management Companies operating in the State of Illinois are required under 225 ILCS 459 to execute an Illinois Appraisal Management Company Bond to ensure compliance with licensure.
Bonds Express offers an Illinois Appraisal Management Company Bond with a 100% approval rate.
This bond expires every year on December 31st.
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 Illinois Appraisal Management Company Bond holds you accountable for your business decisions.
By possessing an Illinois 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.