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North Carolina bonds

North Carolina — Appraisal Management Company Bond

North Carolina's published AMC registration form states $25,000 and calls for the original instrument with executed power of attorney. Prepare the management company's name and actual beginning/end dates; its post-registration extension is not a two-year purchase label.

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Recorded state
North Carolina
Category
Real estate & property

What this bond does

Supply the AMC's North Carolina registration security under the Appraisal Board's accepted instrument.

Who needs it
The management company responsible under the registration request, not automatically each appraiser on its panel.
Who it protects
The form concerns statutory/rule compliance and amounts due under its stated North Carolina AMC condition. It does not guarantee a property's value or insure every real-estate service or loss.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Keep the registration period and later extension separate

Use the AMC's legal name and address with the North Carolina Appraisal Board recipient. Coordinate principal/surety execution and the executed power of attorney rather than submitting an unsigned example.

The form has beginning/end fields and describes extension by operation of law for two years after the AMC is no longer registered. Confirm actual dates and continuation duties; that later extension is not a labeled two-year duration in this purchase option.

Purchase Now opens Propeller. Match the company and accepted instrument before applying, retain the issued original and follow current Board delivery directions. Checkout does not approve registration or decide that a particular amount is payable under the condition.

Sources

Have these ready

  1. Identify the registering AMC and exact Board recipient.
  2. Obtain the accepted $25,000 instrument and actual period directions.
  3. Coordinate principal/surety signatures and executed power of attorney.
  4. Keep the original for delivery under current Board instructions.

Questions about this bond

Does the two-year extension mean this option has a two-year term?

No. The published form describes a later extension beginning when the AMC is no longer registered. Confirm actual registration-period dates; the purchase option has no labeled duration.

Is a blank power-of-attorney example enough?

The form calls for executed authority with the surety's attorney-in-fact signature. Coordinate the actual issued documents and retain the original instrument.

Does this replace an individual appraiser credential?

No. The form names AMC registration and its company obligation. Match the actual company request rather than substituting a panel appraiser's personal license.

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