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Washington appraisal management company bonds.
$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 corporation. Ours is $1,000 flat — set by our carrier’s rate book for this bond, not a percentage — and the application collects no credit information.
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Three steps. One sitting.
License bonds are the simplest thing in surety. Here’s the entire process:
Apply online
Corporation details and an effective date. That’s the application — no financials, no credit section.
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
One application, issued instantly.
These are the actual issuing fields — no credit section, because this bond doesn’t collect one.
Start the application →Common questions.
Other Washington bonds.
Finish your AMC registration today.
$1,000 flat, no credit review, bond often issued in the same sitting. Free until issued.