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.
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.
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
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:
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.
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.
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