Colorado Auctioneer Bond | AmeriPro Surety Bonds
Auctioneer Bond – City and County of Denver, Colorado
The Business Licensing Center of the city and county of Denver, requires auctioneers to be licensed. According to the city’s website, you will have to complete:
- A questionnaire;
- A form detailing your criminal history, if applicable;
- An affidavit with your lawful presence in the state;
- A state or federally issued current ID
- Fees which total at least $241.50. The application fee is $25; the licensing fee is $200; and the fingerprint fee is $16.50 (per person). Assume that all of these fees are nonrefundable.
You must also file a surety bond. Our agency provides the surety bond for both first time and current auctioneers who are renewing their license.
Colorado Auctioneer Bond: Amount, Qualifying, and the Premium
The Colorado auctioneer bond is a $2000 surety bond required of applicants.
This surety bond is an instant issue bond. This is how you benefit:
After providing completion of an application (which can be done over the phone), and payment of the premium, the bond will be issued to you immediately. There is no credit inquiry involved in this bond.
The premium for the bond for one year is $100.
Once purchased, a copy of the bond can be emailed to you for no additional charge. The original bond with the wet signature will follow in the mail the same or the following business day.
Additional Premium Payment Options
At your choice, you may choose to prepay the Denver, Colorado auctioneer bond for 2 or 3 years.
Prepayment allows you a savings over year to year renewal of your bond premium.
Payment options are as follows:
- Prepayment for 2 years is a $180 premium;
- Prepayment for 3 years is a $260 premium.
The Purpose of this Bond
The Colorado auctioneer bond is a financial guarantee which protects the city of Denver. The bond guarantees that you will lawfully and faithfully perform your duties as a licensed auctioneer.
The bond, therefore, protects the city of Denver and any consumers who are harmed due to the wrongdoing of a licensed auctioneer.
As principal for this bond, you are responsible the surety for any claims paid against your bond, in the aggregate, up to the bond’s amount (in this case, $2000), excluding any attorney fees, if applicable.
AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit, court, and fiduciary bonds throughout Colorado.
Our agency also provides surety bonds nationwide.
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