City of Baltimore Auctioneer Bond Guide
If you’re applying for an auctioneer license in Baltimore, Maryland, 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 Baltimore, Maryland
- Regulating Body: The Baltimore Department of Finance, Bureau of Revenue Collections
- Required Coverage: $25,000
- Premium Rate: $250 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Baltimore Auctioneer Bond?
A City of Baltimore, Maryland auctioneer bond protects consumers against fraudulent substitution of goods and misrepresentation of auction items by auctioneers.
The Baltimore Department of Finance requires this bond to guarantee auctioneers comply with local and state regulations.
Operating outside of Baltimore? Visit our Maryland Auction Bond hub page to see all auctioneer bonds in the state.
How Much Do Auctioneer Bonds Cost in Baltimore, MD?
A $25,000 Baltimore auctioneer bond costs a flat rate of $250. 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 of Baltimore 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 as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Baltimore, MD Auctioneer Bond Work?
As with all surety bonds, an auctioneer bond creates a legal contract between three parties:
- Principal: You, the auctioneer filing the bond
- Obligee: The Baltimore Department of Finance requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Baltimore City Code Article 2, Subtitle 1.
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.
After renewing, you’ll receive a continuation certificate to file with the Baltimore Department of Finance as proof of ongoing coverage.
