$1,500 is your GOOD CREDIT PRICE for an Arizona Escrow Agent Bond.
Arizona escrow Agents are required under ARS Title 6, Chapter 7 of the laws of State of Arizona to file an Arizona Escrow Agent Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Arizona Escrow Agent Bond holds you accountable for your business decisions.
By possessing an Arizona Escrow Agent Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.