Appraisal Management Company Registration Application - New Mexico

Appraisal Management Company Registration Application is a legal document that was released by the New Mexico Regulation & Licensing Department - a government authority operating within New Mexico.

FAQ

Q: What is an Appraisal Management Company (AMC)?
A: An AMC is a company that coordinates real estate appraisals on behalf of lenders or other clients.

Q: Why do I need to register my AMC in New Mexico?
A: Registration is required to operate an AMC in New Mexico and comply with state regulations.

Q: What are the requirements for registering an AMC in New Mexico?
A: Requirements include completing an application, providing documentation, and paying the registration fee.

Q: How much is the registration fee for an AMC in New Mexico?
A: The registration fee for an AMC in New Mexico is $500 plus an additional $100 for each appraiser on the company's appraiser panel.

Q: Are there any additional requirements for an AMC in New Mexico?
A: Yes, the company must have a designated New Mexico licensed or certified appraiser as a controlling person.

Q: What is the processing time for an AMC registration application in New Mexico?
A: The processing time is typically 4-6 weeks.

Q: Can I offer appraisal services as an individual without registering as an AMC in New Mexico?
A: No, if you are acting as an AMC and coordinating appraisals for clients, you must register as an AMC.

Q: Who can I contact for more information about registering an AMC in New Mexico?
A: You can contact the New Mexico Regulation and Licensing Department for more information.