Mississippi Auctioneer Bond |
AmeriPro Surety Bonds | 844-589-9732
Auctioneers – Mississippi
Both instate and out-of-state auctioneers who work in Mississippi are regulated by the Mississippi Auctioneer Commission.
In addition to other licensing requirements, you are also required to obtain a $10,000 surety bond. Meeting the surety bond requirement will undoubtedly be the quickest and easiest part of your licensing process.
Qualifying and the Premium
Qualifying for the $10,000 Mississippi auctioneer bond consists of providing us with the name that should be on your auctioneer bond, your address and phone number, and payment of the $100 premium.
There is no credit check nor underwriter review for your bond. All applicants for this surety bond are automatically approved.
After the premium has been paid, our agency issues the bond to you immediately. The bond is sent to you for filing by the following business day.
Before filing, you’ll need to sign your bond as Principal. We can also email you a copy of your bond, but it is the original auctioneer bond that should be recorded with the Commission.
Premium Prepayment Options
At a payment of $100 premium, the Mississippi auctioneer bond is issued for a standard one year term. Thereafter, both the premium and the surety bond alike renew. An active surety bond must always be on file with the Commission in order to keep your license in good standing.
You may prepay your auctioneer bond for up to 3 years, thereby lengthening the time between renewals and offering you a savings over renewing each year.
The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
Purpose of this Surety Bond Requirement
Your $10,000 surety bond bond is a financial guarantee of your compliance with the License and Regulate Practice of Auctioneering; and protects the state and the public from harm caused by unlawful auctioneering practices.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide auctioneer bonds throughout the United States as well as hundreds of other surety bond types.
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