City and County of Denver Auctioneer Bond Guide
If you’re applying for an auctioneer license in the City or County of Denver, Colorado, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure auctioneers operate ethically and uphold local and state laws
- Who Needs It: All auctioneers and auction houses in Denver, Colorado
- Regulating Body: The Denver Department of Excise & Licenses
- Required Coverage: $2,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a Denver Auctioneer Bond?
A City and County of Denver auctioneer bond protects consumers against fraudulent substitution of goods and misrepresentation of auction items by auctioneers.
The Denver Department of Excise & Licenses requires this bond to guarantee auctioneers comply with local and state regulations.
How Much Do Auctioneer Bonds Cost in Denver, Colorado?
A $2,000 Denver auctioneer bond costs a flat rate of $100 for a 1-year term. Since these bonds expire on December 31, your premium may be prorated based on when you purchase the bond.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your City and County of Denver auctioneer bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the Department of Excise & Licenses as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Denver Auctioneer Bond Work?
As with all surety bonds, an auctioneer bond creates a legal contract between three parties:
- Principal: You, the auctioneer or registered auction house filing the bond
- Obligee: The Denver Department of Excise & Licenses requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the Denver Code of Ordinances Chapter 9.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually on December 31. To renew your auctioneer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
