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Washington Auction Bond

How much does an auction 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.

SuretyBonds.com issues auctioneer and auction company surety bonds instantly without a credit check! This means that all applicants pay the same low, flat rate regardless of financial credentials. Get bonded now!

Bond Type Bond Amount Cost*
$5,000 Auctioneer Bond $5,000 $100 Buy Now
$5,000 Auction Company Bond: Less than $25,000 in gross sales $5,000 $100 Buy Now
$10,000 Auction Company Bond: $25,000-49,999.99 in gross sales $10,000 $100 Buy Now
$15,000 Auction Company Bond: $50,000-99,999.99 in gross sales $15,000 $150 Buy Now
$20,000 Auction Company Bond: $100,000-499,999.99 in gross sales $20,000 $200 Buy Now
$25,000 Auction Company Bond: $500,000 or more in gross sales $25,000 $250 Buy Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. We’ll get you the bond you need instantly!

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.

Get bonded right away when you choose SuretyBonds.com!

What’s the fine print?

Auctioneer/auction company bonds in Washington remain in full force and effect until violated or canceled. 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.

These bonds remain valid for a 1-year term.

How to become an auctioneer in Washington

To become licensed as an auction company/auctioneer in Washington, applicants must:

  • submit an auctioneer/auction company registration application
  • submit a financial certification affidavit
  • post a surety bond in the proper amount
  • provide their tax registration number
  • have a trust account if client funds are held for more than 24 hours
  • pay the required fees
  • and more

For more licensing information, visit the Additional Resources section of this page. Begin the licensing process by purchasing the surety bond you need now!

Ready to get started?

Buy Your Auction Bond Now!

Additional Resources

Washington State Department of Licensing Auctioneer/Auction Company Registration Application, Financial Certification Affidavit, Surety Bond forms

Washington State Legislature RCW 18.11.085 Auctioneer certificate of registration – Requirements.

Washington State Legislature RCW 18.11.230 Trust account required for client funds.

Washington State Department of Licensing How to get your license: Auctioneer

Washington State Department of Licensing How to get your license: Auction company

Washington State Legislature Chapter 308-11 WAC Regulation of Auctioneers

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