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Washington bonds

Washington — Appraisal Management Company (Partnership) Bond

Use this partnership offering when it matches the AMC's actual Washington licensing file. The posted DOL form includes a partnership structure selection; naming one partner individually should not turn that file into a sole-proprietor application.

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Recorded state
Washington
Bond type
Appraisal Management Company Bond
Category
Real estate & property

What this bond does

Supply the partnership AMC's Washington licensing security with its actual applicant and business-name information.

Who needs it
The partnership holding or seeking the AMC license, with a person authorized to execute for that applicant.
Who it protects
The DOL form concerns AMC-law violations and its specified judgment/claim condition, subject to an aggregate cap. It is not property insurance or protection against every loss of an individual partner.

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.

Match the partnership file before naming a signer

Use the applicant and business names actually recorded for the licensed partnership. Identify the authorized signer in that role, not as a substitute sole proprietor. Do not infer that every partner must sign merely because the offering is named partnership.

The posted R/8/25 form states $100,000 and actual period fields, and directs a new form when the surety provider changes. Confirm the partnership's current request and replacement dates before applying rather than using another business structure's existing document.

Purchase Now opens Propeller for this partnership option. Match the legal applicant and accepted instrument, then follow DOL submission directions. Checkout does not create the partnership, change its entity classification or approve the AMC license.

Sources

Have these ready

  1. Match the licensed partnership's applicant and business names.
  2. Identify the authorized signer and current execution request.
  3. Have the accepted DOL instrument, required sum and actual dates.
  4. Identify any provider replacement and follow filing instructions.

Questions about this bond

Should a partner's personal name replace the partnership applicant?

Match the actual applicant in the licensing record. A partner's execution role does not by itself make the company a sole-proprietor applicant.

Does the title establish that every partner must sign?

No. Confirm the actual accepted execution directions and authorized signer. The option's title is not a complete signing instruction.

Can another provider's existing document be reused unchanged?

The posted DOL form directs a new form when the surety provider changes. Match the replacement instrument and effective dates to the actual partnership file.

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