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Rhode Island Auctioneer Bond

by | Dec 16, 2019 | Instant Issue Bonds, License & Permit Bonds

Auctioneers in Rhode Island may no longer be required to obtain a $10,000 Rhode Island auctioneer surety bond. Please contact your Rhode Island licensing department for verification.

Rhode Island Auctioneer Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Rhode Island Auctioneer Registration

 

 

 

Auctioneers in Rhode Island are regulated by the state’s Department of Business Regulation. As one of the prerequisites for licensing, you are required to obtain a $10,000 surety bond.

Meeting the surety bond requirement through our agency will take just a few minutes.

 

 

 

Qualifying and the Premium

 

 

 

You are automatically approved for the $10,000 Rhode Island auctioneer bond. The premium will cost you just $100 annually, and there is no credit check involved.

The application couldn’t be any simpler: When you call us, we’ll just ask you the name that you want on your surety bond. We’ll also ask you for your contact information (including email and phone number).

After payment of the $100 premium, our agency will issue your auctioneer bond immediately and will have it mailed to you for filing, along with a Power of Attorney (POA) form.

Upon receipt, you’ll sign your bond as Principal, filing it along with the POA to:

State of Rhode Island – Department of Business Regulation

Comm. Lic. And Reg. –Auctioneer

233 Richmond St., Ste. 230

Providence, RI 02903

 

 

 

Premium Prepayment Options

 

 

 

The $100 premium associated with your auctioneer surety bond is good for one year and will renew on the anniversary of its issuance.

Our agency also offers you the ability to prepay your bond up to 3 years, thereby offering you a savings over annual renewal of your surety bond premium.

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 Your Surety Bond Requirement

 

 

 

The purpose of your auctioneer bond is to protect the state and the people of Rhode Island. More specifically, the bond is a financial guarantee of your compliance with Title 5, Chapter 5-58.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide auctioneer bonds wherever required.

Our agency is also a provider of license and permit surety bonds in all 50 states.

Please call us today at:

844-589-9732

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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