Washington — Auction Company Surety Bond
Prepare the Washington auction company's financial certification and actual required sum. DOL uses Washington gross sales with different reporting for a new company and a renewal; the company license does not itself authorize calling bids.
Also known as Washington Auction Company Bonds
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- Recorded state
- Washington
- Bond type
- Auctioneer / Auction Company Bond
- Category
- Business operations & taxes
What this bond does
Provide the auction-company security matching its DOL registration and financial-certification file.
- Who needs it
- The company and authorized governing person preparing the business, volume and security information, with individual auctioneer credentials kept separate.
- Who it protects
- The shared DOL instrument concerns adjudged amounts and damages from violations of Chapter 18.11 or its rules. It has a total aggregate limit; it is not a guarantee of auction prices or every consignor's commercial expectations.
Your bond option
This is the option on record for this bond.
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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.
Sources
- Washington DOL:company application and attached shared undertaking (opens in a new tab)Checked October 26, 2026
Have these ready
- Provide company identity, structure and business identifiers.
- Confirm new/renewal status and the correct Washington gross-sales year.
- Have the actual required sum and accepted security condition.
- Coordinate authorized execution and separate bid-calling credentials.
Questions about this bond
Can I use the same sales period for a new file and renewal?
The application distinguishes estimated current-year Washington sales for a new company from prior-calendar-year reporting for renewal. Match the actual certification.
Does the company license authorize calling bids?
The application expressly says it does not. Keep required individual auctioneer credentials separate from the company registration.
Is the post-cancellation year the purchase term?
No. The posted instrument describes continuing protection for specified earlier conduct after cancellation. Confirm the actual issued dates; this catalog option has no labeled one-year term.