A Washington Auctioneer Bond is a financial guarantee required for anyone who conducts auctions in Washington State. This bond protects the public and your clients if you don't follow state laws or fail to properly handle money or property during auctions. If you break the rules or cause financial harm to someone, the…
Overview
What it is.
A Washington Auctioneer Bond is a financial guarantee required for anyone who conducts auctions in Washington State. This bond protects the public and your clients if you don't follow state laws or fail to properly handle money or property during auctions. If you break the rules or cause financial harm to someone, the…
Who usually needs it
Licensed auctioneers (individuals who sell property to the highest bidder at public auctions for compensation) and auction companies (entities that arrange, sponsor, or manage auctions) in Washington must obtain this bond as a prerequisite to obtaining or retaining a business license from the Washington Department of Licensing. Bond amounts are $5,000 for a…
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 projectObligeeState of WashingtonBond classLicense BondCategoryProfessional ServicesBondWashington Auctioneer BondJurisdictionStatePlain descriptionA Washington Auctioneer Bond is a financial guarantee required for anyone who conducts auctions in Washington State. This bond protects the public and your clients if you don't follow state laws or fail to properly hand…Who needs this bondLicensed auctioneers (individuals who sell property to the highest bidder at public auctions for compensation) and auction companies (entities that arrange, sponsor, or manage auctions) in Washington must obtain this bo…
