Alabama Auctioneer Bond Overview
- Purpose: To protect the public from financial harm if an auctioneer violates state law
- Who Needs It: All auctioneers and auction companies in Alabama
- Regulating Body: The Alabama State Board of Auctioneers
- Bond Amount: $10,000
- Premium Price: $100
What Is an Alabama Auctioneer Bond?
An Alabama auctioneer bond ensures that licensed auctioneers follow state law and handle client funds honestly.
The Alabama State Board of Auctioneers (ASBA) requires you to file a $10,000 surety bond no matter your license type. This includes:
- Residents
- Non-residents
- Apprentices
Even if you have a reciprocal license, you still need an Alabama-specific surety bond.
How Much Do Auctioneer Bonds Cost in Alabama?
Alabama auctioneer bonds cost a flat rate of $100 for a one-year term — no credit check required! Select a multi-year term at checkout to save up to 25%.
Buy your bond instantly below.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Alabama Auctioneer Bond Work?
An Alabama auctioneer bond forms a legal contract between you, the state and the surety company.
| Bond Party | Description |
|---|---|
| Principal | The auctioneer purchasing the bond |
| Obligee | The Alabama State Board of Auctioneers requiring the bond |
| Surety | The issuing surety provider |
If you commit fraud, misuse client funds or otherwise violate state law, your bond provides financial protection to harmed parties. The surety will validate any claims made against your bond, but you’ll be responsible for reimbursement.
How Do I Get Bonded?
You can purchase your bond instantly! Just select your term and enter a payment method. We’ll email the official bond form within minutes of purchase.
If you don’t see the email, double-check your spam/junk folder.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require a credit check! Anyone can purchase this bond at the same flat rate.
How Do I Renew My Bond?
Alabama auctioneer bonds expire at the end of your selected term. You must pay the renewal premium to keep your bond active. We’ll begin sending you reminders 90 days before expiration.
Can I Make Changes to My Bond?
To change any information on your bond form, email [email protected]. We’ll take care of any updates by issuing a bond rider, if possible.
How to Become an Auctioneer in Alabama
First, you need to complete the required apprenticeship program. Depending on the length of your apprenticeship, you may also need to attend an approved auction school.
To apply for your resident auctioneer license, submit these documents to the ASBA:
- Statement to the Board
- General information form
- Qualifying questionnaire
- Affidavit of endorsement (two required)
- Exam registration form + $150 fee
- Letter of recommendation from sponsor
- Surety bond
- Criminal history record
- Proof of apprenticeship + copy of auctioneer diploma (if applicable)
- Proof of citizenship
- Escrow or trust account (if holding client funds)
The ASBA will review your application at the next Board meeting. You’ll then receive a letter with exam information. After passing, pay the $200 license fee to begin operating as an auctioneer.
Note: If you’re a non-resident, your application process will differ depending on whether you have a reciprocal license.
How Much Does It Cost to Get an Alabama Auctioneer License?
You can expect to pay at least $470 to get your auctioneer license. This includes the following fees.
| Fee | Amount |
|---|---|
| Criminal History Record | $20 |
| License | $200 annually |
| Exam | $150 |
| Surety Bond | $100 annually |
