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Oregon bonds

Oregon — Residential Developer Bond

Oregon's Residential Developer endorsement is for arranging development on property you own or have an interest in, with the intent to sell. Licensed general contractors oversee construction; the developer does not perform the construction work.

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Recorded state
Oregon
Bond type
Construction / Developer / Installation Bond
Category
Contractors & construction

What this bond does

Provide the $25,000 CCB residential surety bond required for the Residential Developer endorsement.

Who needs it
Property-interest holders arranging residential or qualifying small-commercial development for sale in association with licensed general contractors. This endorsement is not permission for the developer to carry out the building trades.
Who it protects
The residential model is payable to the State of Oregon and exclusively ensures payment of CCB determination orders under Chapter 701. Its condition concerns the principal paying all amounts determined by CCB, not a guarantee of completing each home or reimbursing every project loss.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Details

CCB's Residential Developer classification requires a property interest, development or improvement for sale, association with licensed general contractors having sole responsibility for construction oversight, and no construction work by the developer. Residential endorsement scope includes small-commercial structures as CCB defines them; a commercial zoning label alone does not determine the endorsement.

Use the CCB residential form at the current $25,000 Residential Developer requirement. It is one continuing obligation with an aggregate limit, not a fresh amount for each lot or claim. The model remains in effect until depleted or canceled under its terms. Its 30-day written cancellation provision does not remove responsibility for covered determination orders relating to the defined work period.

Purchase Now opens Propeller's Oregon Residential Developer application in a new tab. Check the exact legal entity, RD endorsement, residential form, amount, CCB number if issued, surety signature and attached power of attorney before paying. For a new license, submit the bond and power of attorney with the application, not separately; CCB's current online process calls for uploading both. CCB must receive them within 60 days of the surety's signing date. Retain submission and acceptance; purchase alone does not activate the bond or license.

Sources

Have these ready

  1. Confirm Residential Developer is the correct role: property interest, intent to sell, licensed general-contractor oversight and no construction work by the developer.
  2. Match the exact legal entity to the application and Corporation Division record where applicable.
  3. Use the residential form for the $25,000 requirement, with the amount entered in both places and CCB number if already issued.
  4. Keep the surety's signed bond and attached power of attorney together for timely submission with the license application.

Questions about this bond

Can I perform construction under the Residential Developer endorsement?

CCB's classification says the developer does not perform construction work. It arranges the work in association with licensed general contractors who have sole responsibility for overseeing construction activity.

Can this endorsement involve small-commercial property?

Yes, CCB's chart includes residential and defined small-commercial property within Residential Developer scope. Check CCB's structure definitions rather than assuming all commercial property requires the same endorsement.

Is a new bond amount available for every home or claim?

The model is one continuing obligation with a single aggregate penal sum. It is not a separate limit for each development lot or a limit that automatically resets with every claim.

Should the surety send a new applicant's bond directly to CCB?

CCB's checklist says the surety sends the bond and power of attorney to the applicant for submission with the application. The current online process requires both uploads; CCB must receive the documents within 60 days of the surety's signing date.

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