{"id":966,"date":"2013-04-27T04:31:33","date_gmt":"2013-04-27T04:31:33","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=966"},"modified":"2017-01-03T16:20:36","modified_gmt":"2017-01-03T16:20:36","slug":"washington-auctioneer-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/washington-auctioneer-bond\/","title":{"rendered":"Washington Auctioneer Bond"},"content":{"rendered":"

Without having posted the required Washington auctioneer bond<\/a><\/strong> and met other important statutory requirements, it is unlawful for any person to act as an auctioneer or for an auction company in the state. \u00a0Washington statute defines an “auctioneer” as any\u00a0individual who calls bids at an auction, and an “auction company” as\u00a0a sole proprietorship, partnership, corporation, or other legal or commercial entity that sells or offers to sell goods or real estate at auction or arranges, sponsors, or manages auctions. Both license types require the mandatory Washington auctioneer bond<\/strong>\u00a0however\u00a0pursuant to RCW 18.11.050<\/a>\u00a0the\u00a0term “auction company” shall exclude any sole proprietorship owned by an auctioneer licensed under the auctioneer law whose gross annual sales do not exceed twenty-five thousand dollars. \u00a0The Washington auction company surety bond<\/a><\/strong> is written on the same standardized form as the Washington auctioneer bond<\/strong>. \u00a0The surety bond is required under RCW 18.11.121<\/a>, which states that\u00a0each auctioneer and each auction company shall as a condition to the granting and retention of a license have on file with the department an approved surety bond.\u00a0The bond or other security of an auction company shall be in an amount not less than five thousand dollars and not more than twenty-five thousand dollars. The Washington auction company bond<\/a><\/strong>shall be based on the value of the goods and real estate sold at auctions conducted, supervised, arranged, sponsored, or managed by the auction company during the previous calendar year or, for a new auction company, the estimated value of the goods and real estate to be sold at auction during the current calendar year. \u00a0The Washington auctioneer surety bond<\/strong> must be executed by the person seeking the license as principal and by a corporate surety licensed to do business in the state, be payable to the state, be conditioned on compliance with all provisions of Chapter 18.11 RCW<\/a>\u00a0and the agency rules<\/a>adopted pursuant to the same chapter, including payment of any administrative fines assessed against the licensee, and remain in effect for one year after expiration, revocation, or suspension of the license. \u00a0The Washington auctioneer bond<\/strong> obligation states that the licensee will comply with all the provisions of Chapter 18.11 RCW of the State of Washington and with all rules and regulations adopted by the Director of the Department of Licensing, of said state pursuant to the provisions of Chapter 18.11 RCW and will pay all amounts that may be adjudged against principal by reason of violation of Chapter 18.11 RCW or any rules or regulations adopted pursuant thereto in the conduct of principal’s business as an Auctioneer\/Auction Company.\u00a0Washington surety leader<\/strong>,\u00a0Surety One, Inc.<\/a>\u00a0writes\u00a0auctioneer license bonds<\/a>\u00a0in ALL states where statutorily required. EVERY applicant is quoted terms regardless of his or her credit condition. Need a\u00a0fidelity bond<\/a>\u00a0to protect your auction company from employee dishonesty risks? \u00a0We can help with that too! \u00a0Visit\u00a0SuretyOne.com<\/a>, call\u00a0(787) 333-0222<\/span>\u00a0or\u00a0(800) 373-2804<\/span>, or email\u00a0Underwriting@SuretyOne.com<\/span>\u00a0for a\u00a0Washington auctioneer bond<\/strong>, or for information about any surety need.<\/p>\n","protected":false},"excerpt":{"rendered":"

Without having posted the required Washington auctioneer bond and met other important statutory requirements, it is unlawful for any person to act as an auctioneer or for an auction company in the state. \u00a0Washington statute defines an “auctioneer” as any\u00a0individual… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[1206,1208,1205,1207,1209],"yoast_head":"\nWashington Auctioneer Bond • Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/washington-auctioneer-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Washington Auctioneer Bond • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Without having posted the required Washington auctioneer bond and met other important statutory requirements, it is unlawful for any person to act as an auctioneer or for an auction company in the state. \u00a0Washington statute defines an “auctioneer” as any\u00a0individual... 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