An Auctioneer Bond is known as a License and Permit Bond. In order to secure an Auctioneers’ License, the bond must be filed with the state before an individual can begin the process of becoming an Auctioneer. A bond is unlike insurance in that an insurance policy is written for the benefit of the policyholder while a bond is written for the benefit of a third party such as the state or its citizens.
License and Permit Bonds “put teeth” into the laws passed for the protection of the public. The purpose of the bond is to ensure that the Auctioneer complies with all laws, ordinances, statutes, rules and regulations relating to the business of being an Auctioneer. The bond amount is set according to state law or local ordinance and therefore can vary from state to state.
Auctioneer Bonds for Bankruptcy Court
This bond guarantees that the Auctioneer will faithfully perform the duties of an Auctioneer. The Auctioneer will account for all monies received and in all things comply with the requirements of the United States Trustee and/or the United States Bankruptcy court.
Available Policies & Rates
If you have any questions on the bonds shown below, or if the bond you need is not shown below, call 877-ERMUNRO (376-8676) to speak with a bond specialist. To expedite your call, dial extension 152 and speak with Melissa Bromley.
| State | Penalty | Years | Premium |
|---|---|---|---|
| All States - Bankruptcy Auction | varies | 1 | $5 per $1,000 subject to $100 minimum premium |
| Alabama - Auctioneer | $10,000 | 1 3 | $59 $109 |
| California - Auctioneer2 - Auction Company2 | $20,000 $20,000 | 3 3 | $250 $250 |
| Louisiana - Auctioneer - Auction Business | $10,000 $10,000 | 1 3 1 3 | $59 $109 $59 $109 |
| Maine - Auctioneer | $10,000 | 1 3 | $80 $200 |
| Maryland - Auctioneer (Baltimore County) - Auctioneer (Cecil County) - Auctioneer (Harford County) | $5,000 $5,000 $5,000 | 1 1 1 | $50 $50 $50 |
| Massachusetts - Auctioneer | $10,000 | 1 3 | $59 $109 |
| Minnesota - Auctioneer | $1,000 $3,000 $5,000 | 1 1 1 | $80 $80 $80 |
| Mississippi - Auctioneer2 | $10,000 | 1 3 | $59 $109 |
| North Dakota - Auctioneer - Auction Clerk | $5,000 $10,000 | 1 3 1 3 | $49 $69 $59 $109 |
| New Hampshire - Auctioneer | $25,000 | 2 | $219 |
| New York - Auctioneer (City of New York) | $2,000 | 2 | $100 |
| Ohio - Auctioneer - Auction Firm | $25,000 $50,000 | 1 1 | $125 $250 |
| Pennsylvania - Auctioneer - Apprentice Auctioneer - Auction Company - Trading Assistant | $5,000 $5,000 $5,000 $5,000 | 2 2 2 2 | $751 $751 $751 $751 |
| Rhode Island - Auctioneer - Apprentice Auctioneer | $10,000 $2,000 | 1 3 1 3 | $80 $200 $50 $125 |
| Virginia - Auctioneer - Auction Firm | $10,000 $10,000 | 2 2 | $89 $89 |
| Washington - Auctioneer - Auction Company2 | $5,000 varies | 1 3 1 | $80 $200 $8 per thousand |
| West Virginia - Auctioneer - Apprentice Auctioneer | $10,000 $5,000 | 1 3 1 3 | $59 $109 $49 $69 |
Application
Please select your state based on the above chart to download your bond application. Fill out the form and return it to E. R. Munro and Company.
- Alabama - Auctioneer Bond Application (661 downloads)
- Bankruptcy Auction Bond Application (685 downloads)
- California - Auction Company Bond Application (668 downloads)
- California - Auctioneer Bond Application (737 downloads)
- Louisiana - Auctioneer Bond Application (603 downloads)
- Maine - Auctioneer Bond Application (575 downloads)
- Maryland - Auctioneer Bond Application (Baltimore County) (585 downloads)
- Maryland - Auctioneer Bond Application (Cecil County) (567 downloads)
- Maryland - Auctioneer Bond Application (Harford County) (557 downloads)
- Massachusetts - Auctioneer Bond Application (622 downloads)
- Minnesota - Auctioneer Bond Application (660 downloads)
- Mississippi - Auctioneer Bond Application (571 downloads)
- New Hampshire - Auctioneer Bond Application (634 downloads)
- New York - Auctioneer Bond Application (City of New York) (594 downloads)
- North Dakota - Auctioneer Bond Application (588 downloads)
- Ohio - Auction Firm Bond Application (594 downloads)
- Ohio - Auctioneer Bond Application (614 downloads)
- Pennsylvania - Auctioneer Bond Application (408 downloads)
- Rhode Island - Auctioneer Bond Application (591 downloads)
- Virginia - Auction Firm Bond Application (586 downloads)
- Virginia - Auctioneer Bond Application (770 downloads)
- Washington - Auction Company Bond Application (603 downloads)
- Washington - Auctioneer Bond Application (609 downloads)
- West Virginia - Apprentice Auctioneer Bond Application (565 downloads)
- West Virginia - Auctioneer Bond Application (647 downloads)
Footnotes
- Bonds run concurrently with license. $75 is for 2 years or any portion of 2 years.
- Approval subject to results of credit review.
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