Arizona Aircraft Dealer Bond | AmeriPro Surety Bonds | 844-589-9732
Arizona Aircraft Dealer License
Arizona Aircraft Dealers:
In Arizona, an aircraft dealer is one who either assists others in the procurement of an aircraft, for pay; or, one who buys, sells, or exchanges aircraft for compensation.
Aircraft dealers must be licensed by the Arizona Department of Transportation (AZDOT)
Becoming Licensed as an Arizona Aircraft Dealer:
Applicants who are interested in becoming licensed as an Arizona aircraft dealer should keep the following in mind:
- Licenses are issued for a period of one year; thereafter the license must be renewed;
- The license may not be reassigned, that is, the license is only valid for the person for whom it is issued;
- The license must be visible to all who go to the place of business of the license carrier;
- The application for the Arizona aircraft dealer license must be issued in accordance with Section 28-8323 of the Arizona state legislature.
Once an Aircraft is Sold:
Arizona aircraft dealers who sell an aircraft must notify the AZDOT within 10 days of the purchase, sale, or exchange of an aircraft in order to be in compliance with state law.
Failure to abide by the above rules, can subject an AZ aircraft dealer to tax penalties as found under AZ 28-8335.
Arizona Aircraft Dealer Bond
In order to be licensed as an Arizona aircraft dealer, a surety bond in the amount of $10,000 must be obtained.
The $10,000 bond is issued on behalf of the AZDOT.
The bond protects the AZDOT and any potential customers from any wrongful, criminal, or negligent acts which may be committed by an Arizona aircraft dealer in the performance of their duties.
The bond issued for a period of one year; thereafter the bond is renewed.
Cost of the Arizona Aircraft Dealer Bond
Although the bond is issued for $10,000, Arizona aircraft dealer applicants will only pay a fraction of that bond amount.
In ideal credit situations, the bond amount required may be as little as $150 annually; however, the ultimate amount of the bond will be determined by an applicant’s credit score.
AmeriPro Surety Bonds will work with you to have this surety bond issued quickly for filing with the AZDOT.
About AmeriPro Surety Bonds: Arizona Aircraft Dealer Bond
We also provide surety bonds throughout the country.
Call AmeriPro Surety Bonds today at 844-589-9732. We will work with you to make your bond purchase experience as quick and as easy as possible.