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Alabama Auctioneer Bond

How much does an auctioneer bond cost in Alabama?

The Alabama State Board of Auctioneers requires auctioneers to post $10,000 surety bonds prior to conducting business.

SuretyBonds.com issues these bonds instantly for just $100 with no credit check required. Simply click “Buy Now” to buy your bond online using our secure payment portal. It only takes a few minutes to be on your way to getting bonded as an auctioneer or auctioneer’s apprentice in Alabama.

Bond Type Bond Amount Cost
$10,000 Bond for Apprentice or Auctioneer $10,000 $100
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Why do I need this bond?

Alabama auctioneer bonds are put in place to ensure that principals (auctioneers) conduct business in accordance with the provisions of the Auctioneers License Act No. 811-1973 and all pertaining amendments. If a principal fails to comply with these terms, the bond protects any person who suffers damages as a result of the principal’s fraud, misrepresentation or other acts of noncompliance.

The surety will reimburse harmed parties up to the full penal sum of the bond ($10,000), and the principal must reimburse the surety for any damages paid out.

What’s the fine print?

Auctioneer bonds in Alabama remain in full force and effect indefinitely. The surety can cancel the bond at any time by giving written notice of cancellation to the Alabama State Board of Auctioneers at least 60 days prior to the effective cancellation date.

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Alabama Auctioneer Bond Form

Alabama State Board of Auctioneers

Alabama State Board of Auctioneers Auction Laws - Code of Alabama, 1975

Alabama State Board of Auctioneers Becoming An Auctioneer

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