Washington appraisal management company bonds, partnership.
$1,000 flat.
Washington requires every registered appraisal management company to file and maintain a $100,000 surety bond with the Department of Licensing under RCW 18.310.040. This is the filing for a partnership. Ours is $1,000 flat — set by our carrier’s rate book for this bond, not a percentage — and no credit check.
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How much does a Washington appraisal management company bond cost?
$1,000 at the $100,000 amount, the same for every applicant.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here’s the entire process:
Apply online
Partnership details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the Department of Licensing
Your executed $100,000 bond and power of attorney arrive by email, ready to file with your AMC registration. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Washington registers appraisal management companies — the firms that recruit and oversee appraisers for lenders — through the Department of Licensing under chapter 18.310 RCW. The state conditions registration on a $100,000 surety bond so the appraisers and consumers an AMC affects have a financial backstop.
Under RCW 18.310.040, each applicant files and maintains a bond with a penal sum of at least $100,000, executed by the applicant as obligor and an authorized surety, running to the State of Washington for the use and benefit of the state and any person with a cause of action against the obligor under the chapter, conditioned that the AMC will faithfully conform to the chapter and its rules.
It’s a three-party arrangement: you (the principal/obligor), the surety, and the State of Washington as obligee. If an AMC violates chapter 18.310 RCW and someone is harmed, they can recover against the bond — and if the surety pays, the AMC repays the surety. The statute also lets the director accept a cash bond in lieu if surety bonds aren’t readily available.
You need this bond if you’re
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $100,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Department of Licensing. Your executed $100,000 bond and power of attorney arrive by email, ready to file with your AMC registration. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $1,000 at the $100,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Washington bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your AMC registration today.
$1,000 flat, no credit check, bond often issued in the same sitting. Free until issued.