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Auctioneer bond cost

Massachusetts  auctioneer bonds are required by the State of Massachusetts Consumer Affairs and Business Regulation’s Deputy Director of Standards in the amount of $10,000.We can issue these bonds instantly for just $100! There’s no credit check required, so everyone qualifies right away for this low rate.

 

Why this bond

Auctioneer bonds in Massachusetts exist to protect customers and the state from any illegal acts an auctioneer might commit. Specifically, this bond type ensures that auctioneers will pay any and all fines or penalties incurred by him or her through violation of the provisions of Chapter 100 of the Massachusetts  General Laws and any amendments thereof. Some violations include:

  • selling or offering to sell auction goods known to be owned by a minor
  • advertising an auction or goods for sale without including the number of the license issued by the deputy director as part of the advertisement
  • falsely representing the origin or circumstances under which goods were acquired
  • employing or allowing any person to act as a “capper” or “by bidder” at an auction
  • and more

Massachusetts  auctioneer bonds are continuous until canceled. If the surety chooses to cancel this bond or if the auctioneer’s business license is terminated, notice must be given to the Acting Deputy Director of Standards 60 days prior to the termination date.

Become an auctioneer

Posting a Massachusetts auctioneer surety bond is only the first step toward becoming a licensed auctioneer. Multiple requirements must be met when sending in your application, including:

  • being at least 18 years of age
  • passing the required written exam
  • posting a $10,000 surety bond
  • paying a $100 licensing fee
  • submitting two letters of recommendation signed by licensed auctioneers, members of the Massachusetts Bar or elected officials
  • and more

Apply for your surety bond

Get a FREE Massachusetts  auctioneer bond Quote Today! Click here to begin