Telephonic sellers businesses in Arkansas are registered with the Arkansas Secretary of State. Candidates must complete an annual application, pay a $100 registration fee and renew the license annually.
Additionally, a $50,000 surety bond is required which our agency offers. Obtaining the telephone sellers surety bond will be the easiest part of your licensing process.
The $50,000 Arkansas telephonic sellers bond requires a short surety bond application --- which we’ll take from you over the phone --- and payment of the $500, premium. Thereafter, the bond is issued to you immediately.
Note that for the telephonic surety bond there is neither an underwriter review nor a credit check; you are automatically approved.
Once the bond has been issued, a copy of the bond can be emailed to you. The original surety bond, which bears our signature as Surety, and which you will need to sign as Principal, will be sent to you by the following business day. It is the original bond along with the Power of Attorney that should be filed with the Secretary of State.
At $500, the $50,000 Arkansas telephonic sellers bond is issued to you for one year. The premium will renew on the anniversary of its issuance.
Our agency also offers you the ability to prepay this bond for up to 3 years. Prepayment of your premium benefits you in 2 ways: You renew less frequently, and you save over renewing each year.
The prepayment of the telephonic sellers premium amount and the savings to you are as follows:
The surety bond requirement is a financial guarantee of your compliance with the Arkansas Deceptive Trade Practices Act and any additional related laws, amendments, or statutes. The wording of the surety bond can be read to gain further knowledge of the depth of your responsibilities.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Arkansas.
Our agency also provides surety bonds nationwide. Please call our agency today. We can be reached at:
Or, you may fill out the form below and an agent will call you...