California Auctioneer Bond
Auctioneers must secure a surety bond as part of the registration process to operate within California. Required by the Secretary of State, the California auctioneer bond exists to protect the public from fraud, misrepresentation, or failure to pay consignors.
Cost of a California Auctioneer Bond
The cost of a $20,000 California auctioneer bond is only $200 with NNA Surety. Purchase yours today.
| Bond Amount Required | Annual Premium |
| $20,000 | $200 |
Who Needs a California Auctioneer Bond
The California auctioneer bond is required of professionals who conduct public and private auctions, handle consignor and buyer funds, and advertise and describe property accurately.
How the Auctioneer Bond Works
The California auctioneer bond involves three parties:
- Principal: Auctioneer
- Obligee: California Secretary of State
- Surety: Bonding company that issues the bond
If an auctioneer violates state law, such as misusing funds, misrepresenting items, or failing to pay consignors, an injured party may file a claim against the bond. If the claim is valid, the surety may compensate the claimant, and the auctioneer must reimburse the surety for the amount paid.
How to Get a California Auctioneer Bond
Getting the California bond is fast and straightforward. Complete this form with your personal and business information and pay the premium. The bond form will be emailed to you ready for filing with the state.
Get Your California Auctioneer Bond Today
NNA Surety can issue your auctioneer bond with no credit check. Take advantage of our fast application process and get bonded today. Call 855-968-1209 for more information.