A Residential Sellers License Bond is required for anyone who sells residential properties in Seattle, Washington. This bond protects homebuyers and the city by guaranteeing that sellers follow all local laws and regulations during property sales. If a seller breaks the rules or causes financial harm to a buyer, the b…
Overview
What it is.
A Residential Sellers License Bond is required for anyone who sells residential properties in Seattle, Washington. This bond protects homebuyers and the city by guaranteeing that sellers follow all local laws and regulations during property sales. If a seller breaks the rules or causes financial harm to a buyer, the b…
Who usually needs it
Real estate agents, brokers, and independent sellers or businesses involved in selling residential properties within Seattle city limits must obtain this bond as a mandatory part of their Residential Sellers License requirements from the City of Seattle to operate legally.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateWABond amountVaries by license type or projectObligeeThe City of Seattle, WashingtonBond classLicense BondCategoryOtherBondResidential Sellers License BondPlain descriptionA Residential Sellers License Bond is required for anyone who sells residential properties in Seattle, Washington. This bond protects homebuyers and the city by guaranteeing that sellers follow all local laws and regula…Who needs this bondReal estate agents, brokers, and independent sellers or businesses involved in selling residential properties within Seattle city limits must obtain this bond as a mandatory part of their Residential Sellers License req…
