California Auctioneer Bond | AmeriPro Surety Bonds | 844-589-9732
What is a California Auctioneer Bond?
An auctioneer bond is a type of commercial bond, mandated by the California Secretary of State. This surety bond is a financial pledge that the auctioneer will conduct business as an auctioneer according to all established rules and regulations.
The auctioneer bond is not an insurance policy. Therefore, this surety bond does not protect the buyer (aka principal). Rather, the bond protects those whose services have been rendered to by an auctioneer.
In California, the auctioneer bond is for $20,000. While there is no license in California to be an auctioneer, a bond is still required to lawfully engage in the business of auctioning. In addition to buying a $20,000 auctioneer bond, the Secretary of State requires an additional $30 fee for filing the bond with its office.
The 3 Parties to an Auctioneer Bond
As with all surety bonds, the auctioneer bond has 3 parties:
This is the person, business, or entity who is purchasing the auctioneer bond. It is likely that YOU, the reader, are the principal;
The obligee is the person, entity on whose behalf the auctioneer bond is being purchased. In California, the Secretary of State is the obligee on an auctioneer bond;
The surety is the financial entity which issues the auctioneer bond which has been purchased by the principal, to fulfill the licensing and legal requirements of the obligee.
How to get your California auctioneer bond….
With AmeriPro Surety Bonds, the purchase of an auctioneer bond is simple.
For this surety bond, there is the completion of an easy application, along with a credit check. The amount of a California auctioneer bond will be determined almost entirely based on your credit score.
Once the bond has been approved and the premium paid, AmeriPro Surety Bonds will issue you the bond immediately. A California auctioneer bond is good for 2 years, after which it must be renewed .
What if I have bad credit? Can I still qualify for a California auctioneer bond?
AmeriPro Surety Bonds will explore a number of options for those whose credit scores are lower than average for a California auctioneer bond. Our goal is to get you your bond so that you are in compliance with the California Secretary of State.
In this connection, we offer an important word of note:
Please do NOT be intimidated or hesitant to contact AmeriPro Surety Bonds if your credit scores are low, or you think that they may be. We will work with you and for you to get the best pricing available for your auctioneer bond. Our agency is both friendly and understanding. We are here to help.
Call AmeriPro Surety Bonds at 844-589-9732.