Auctioneer Bonds

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.

StatePenaltyYearsPremium
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.

Footnotes

  1. Bonds run concurrently with license. $75 is for 2 years or any portion of 2 years.
  2. Approval subject to results of credit review.
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Our office will be closed on Friday, December 15, at 12:00pm EST for a holiday luncheon.

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