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Iowa
City of Fort Dodge Auctioneer License Bond

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Coverage Amount: $1,000
Term Length: 1 year
Cost: $100
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City of Fort Dodge Auctioneer Bond Guide

If you’re applying for an auctioneer license in Fort Dodge, Iowa 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 in Fort Dodge, Iowa
  • Regulating Body: The Fort Dodge Mayor and City Council
  • Required Coverage: $1,000
  • Premium Rate: $100 for a 1-year term

Learn all about the bond requirements and process in this guide.

What Is a City of Fort Dodge Auctioneer Bond? 

A Fort Dodge, Iowa auctioneer bond protects consumers against fraudulent substitution of goods and misrepresentation of auction items by auctioneers. 

The Fort Dodge Mayor and City Council requires this bond to guarantee licensed auctioneers comply with local and state regulations. 

How Much Do Auctioneer Bonds Cost in Fort Dodge, Iowa?

A $1,000 Fort Dodge auctioneer bond costs a flat rate of $100 for 1 year. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes! 

Bond Type
$1,000City of Fort Dodge Auctioneer License Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.

How Do I Get My Bond?

With SuretyBonds.com, you can buy your Fort Dodge 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 City Council as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Fort Dodge, IA Auctioneer Bond Work? 

As with all surety bonds, an auctioneer bond creates a legal contract between three parties: 

  1. Principal: You, the auctioneer filing the bond
  2. Obligee: The Fort Dodge Mayor and City Council requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the Fort Dodge Code of Ordinances Title 5, Chapter 5.08. 

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. 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. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

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