Washington Appraisal Management Company (Partnership) Bond
Overview
Washington state requires Appraisal Management Companies organized as partnerships to carry a surety bond before they can legally operate. This bond protects appraisers, clients, and the public from financial harm caused by the AMC's failure to meet its legal and contractual obligations. It is a condition of licensure enforced at the state level, not a local requirement. Without it, your partnership cannot get licensed or conduct business in Washington.
Who Needs This Bond?
Partnership-structured Appraisal Management Companies applying for or maintaining a Washington state AMC license need this bond. If your business coordinates residential real estate appraisals in Washington and is organized as a partnership — not a corporation or sole proprietorship — this is the specific bond form required for your entity type. Any managing partner responsible for the license application is the principal on the bond.
What is this Bond For?
This bond guarantees that your AMC partnership complies with Washington's appraisal management laws, including timely and proper payment to appraisers on your panel. If your company fails to pay appraisers, misrepresents appraisal results, or violates state AMC regulations, an injured party can make a claim against the bond. The bond provides a financial remedy without requiring the claimant to pursue the company in civil court first.
When is it Required?
Applying for an Appraisal Management Company license in Washington is the moment this bond becomes mandatory. The Washington State Department of Licensing will not approve your partnership's AMC license application without a filed surety bond in the required amount. The bond must remain active for as long as your license is in force — renewals and reinstatements both require a current, active bond.
Where Does it Apply?
This bond is a statewide requirement enforced by the Washington State Department of Licensing. It applies to any partnership-structured AMC coordinating appraisals on residential real property located anywhere in Washington. There is no local or county-level filing — the bond is filed with the state.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab. Enter your partnership information, complete the application, and your bond documents are delivered digitally — no office visit required. Once issued, you can file the bond directly with the Washington State Department of Licensing to satisfy your licensing requirement.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for business owners who need a bond now, not next week. Our online catalog covers surety bonds nationwide, including Washington AMC partnership bonds, so you skip the agent callbacks and back-and-forth. Buy online, get your documents fast, and get back to running your business.