Washington real-estate receiver bonds.
Court sets the amount. We underwrite it.
When a court appoints a trustee or receiver to sell real estate, it requires a bond in the amount it specifies, conditioned on the faithful handling of the sale and the proceeds, under the receivership framework of RCW 7.60.045. We underwrite the bond, and a surety specialist returns a quote, usually within one business day.
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How much does a Washington real-estate receiver bond cost?
It is underwritten. The carrier’s base rate is 1% of the bond amount; the underwriter sets your premium from the amount, your credit and any collateral.
Court order to filed bond.
Send us the penal sum from your appointment order, we underwrite, and you file with the court. Here is the whole thing:
Apply once, online
Your details, the penal sum the court set, and the effective date. Attach the appointment order if you have it.
Underwritten & quoted
A surety specialist reviews the sale and the proceeds you will handle and returns a quote — usually within one business day. Larger penal sums may call for financials, and collateral can apply.
File with the court
Accept the quote, pay, and receive the executed bond, ready to file before you handle the sale. Wet-ink originals mailed whenever the clerk insists.
How a receiver bond works, and what to have ready.
Why the court asks for it
A court has appointed you as receiver, or as a master or referee, to take charge of property or a business while a case is decided. The court requires a bond before you take control.
Who it protects
The parties to the case and the court. If you fail to carry out the court's orders faithfully, they can recover the loss from the bond, up to the bond amount.
If there is a claim
The surety pays a valid claim and you repay the surety.
Have these ready
- The order appointing you, with the bond amount
- The court, case number and the parties' names
- A description and estimated value of the property or business you will control
- A short summary of your experience as a receiver or fiduciary
- Your attorney's name and contact details
What it is and who needs it.
What this receiver bond actually covers
When real property has to be sold under court supervision — in a receivership, a trust, or a similar proceeding — the court can appoint a trustee or receiver to conduct the sale and handle the proceeds. Washington's receivership statute, RCW 7.60, frames how such a fiduciary is bonded.
Under RCW 7.60.045, before entering upon the duties, a receiver must execute a bond with court-approved sureties in the amount the court specifies, conditioned on faithfully discharging the receiver’s duties under the court’s orders and state law. For a sale of real estate, the court typically sizes the bond to the value of the property and the proceeds the fiduciary will collect and distribute.
It is not insurance for you — if the surety pays a valid claim, you repay the surety. The bond runs in favor of everyone interested in the proceeding and in favor of state agencies; claims must be made within one year of discharge. The court may also accept alternative security in lieu of a bond.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A court bond answers to the court and the party its order protects: if the judgment or order the bond secures is not satisfied, that party can claim against it, up to the penal sum the court set.
The surety pays a valid claim after the court rules, and you repay the surety. A court bond is a guarantee of your performance, not insurance for you.
Renewal and term
Term and renewal are set in the underwriter's quote; a court bond usually runs until the case or appeal it secures is resolved.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
File with the court. Accept the quote, pay, and receive the executed bond, ready to file before you handle the sale. Wet-ink originals mailed whenever the clerk insists.
What sets the price
Court bonds are underwritten. The carrier's base rate for this bond is 1% of the bond amount; the underwriter sets your final premium from the amount the court sets, your credit and any collateral.
One short form to request a quote.
These are the actual underwriting fields. Submit once and a surety specialist returns a quote, usually within one business day.
Start the application →Common questions.
Other Washington bonds.
Requirements checked on the carrier’s application, . Page updated .
Get your sale-of-real-estate bond quoted.
A short request, underwritten by a specialist, quote usually within one business day. Free until issued.