Auctioneer Bond

An auctioneer surety bond is generally required by the state for the benefit of any persons damaged by the failure of the auctioneer or company to provide services while performing an auction.
Key Highlights
- The auction bond is often referred to as an auctioneer bond or auction company bond but may have different names in different states, counties and cities.
- This bond protects both buyers and sellers by ensuring the auctioneer handles transactions, funds, and property responsibly during auctions.
- The cost of an auctioneer bond varies by state and is typically a small percentage (1% to 5%) of the total bond amount.
How do I purchase an auctioneer bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue auctioneer bonds in each of the 50 states. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.
Our short online application makes it easy. Click below to start the application process today.
Auctioneer Bond FAQs
An auctioneer surety bond or auction company surety bond is generally required by the state for the benefit of any persons damaged by the failure of the auctioneer or company to provide services while performing an auction, or by fraud, dishonesty or misrepresentation of an auctioneer or auction company or its agents, representatives, or employees.
The auction bond is often referred to as an auctioneer bond or auction company bond but may have different names in different states, counties and cities.
The cost of an auctioneer bond varies by state and is typically a small percentage (1% to 5%) of the total bond amount, which can range from a few thousand to tens of thousands of dollars depending on local regulations and the auctioneer’s creditworthiness.
The general requirements for obtaining an auctioneer bond can vary by state, but most follow a similar structure. Typical steps and conditions include:
- Licensing Requirement
- Bond Amount
- Application Process
- Compliance with State Laws
- Accurately Representing Items for Sale
- Claims and Liability
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