Washington
Auction Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $5,000 - $25,000

Term Length: 1 year

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How much does an auctioneer or auction company bond cost in Washington?

The Washington Business and Professions Division requires auction companies and auctioneers to post surety bonds. Auctioneers must post a $5,000 bond, and the required amount of an auction company’s bond depends on the gross value of goods sold during the previous calendar year. New auction companies should base their bond amount on an estimate of gross sales during the current calendar year. To calculate the amount of your bond, please see the table below.

Auctioneer and auction company surety bonds are issued instantly for $100 to $164, depending on the bond amount. A multi-year discount is available. Simply click Buy Now to purchase your bond online via our secure bond checkout. It only takes a few minutes to be on your way to getting bonded as an auctioneer or auction company in Washington.

Bond Type

Bond Amount

Cost

$5,000Auction BondLess than $25,000 Gross Sales

$5,000

$100

$10,000Auction Bond$25,000 - $49,999.99 Gross Sales

$10,000

$100

$15,000Auction Bond$50,000 - $99,999.99 Gross Sales

$15,000

$100

$20,000Auction Bond$100,000 - $499,999.99 Gross Sales

$20,000

$131

$25,000Auction Bond$500,000+ Gross Sales

$25,000

$164

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Why do I need this bond?

By posting a Washington auctioneer or auction company surety bond, principals (auctioneers/auction companies) pledge to comply with all provisions of Chapter 18.11 RCW of the State of Washington and with all rules and regulations adopted by the Director of the Department of Licensing.

If the principal fails to conduct business according to these terms, the bond protects harmed parties from financial loss.

What’s the fine print?

Auctioneer/auction company bonds in Washington remain in full force and effect until violated or canceled and must be renewed annually. The surety can cancel the bond at any time by giving written notice of cancellation and the reason for cancellation to the Business and Professions Division 30 days prior to the effective termination date.