South Carolina's newest bond requirement – Real Estate Appraisal Management Bond
South Carolina has a pending bill that would require real estate appraisal management companies to be registered and to post a $25,000 surety bond. This cannot exceed the $25,000 amount and the bond would have to be from a corporate surety licensed to do business in that state. This bill would create the Real Estate Appraiser’s Board and this board will determine the bond amount through their rules. Having this bon instated would secure the payment of any penalties and any damages caused as a result of the company’s violation of the applicable law or rules.
Latest posts by Robin Kix (see all)
- How to Get a North Carolina Contractors License - November 29, 2022
- How to Get Your Freight Broker License – A Step-By-Step Guide - November 28, 2022
- Best Contractor Training Programs in 2022 - November 3, 2022