Minnesota Estate Sale Conductor Bond Guide
In Minnesota, all estate sale conductors must file a $20,000 surety bond to operate.
Bond Overview
- Purpose: To ensure estate sale companies operate ethically
- Who Needs It: All estate sale conductors in Minnesota
- Regulating Body: The local county treasurer
- Required Amount: $20,000
- Premium Rate: $200
Keep scrolling to learn more about the bonding process.
What Is a Minnesota Estate Sale Conductor Bond?
This bond ensures that estate sale companies pay the deceased's family in full, even if the company defaults.
Local counties in Minnesota require this type of license and permit bond to conduct an estate sale for payment.
How Much Do Estate Sale Conductor Bonds Cost in Minnesota?
Minnesota estate sale conductor bond premiums cost a flat rate of $200 — no credit check required! Buy your bond instantly online now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Minnesota Estate Sale Conductor Bond Work?
A Minnesota estate sale conductor bond is a legal contract between three parties:
- Principal: The estate sale conductor purchasing the bond
- Obligee: The local county treasurer requiring the bond
- Surety: The provider issuing the bond
Under this contract, you, as the principal, promise to uphold the provisions of Minnesota Statute 325E.70.
If you break the bond terms, harmed parties can file claims on the bond. The surety will validate and pay claims up to the full bond amount. However, you are ultimately responsible for refunding the surety.
Who Needs an Estate Sale Conductor Bond?
Under Minnesota House File 131, any individual or business conducting an estate sale for payment must file a $20,000 surety bond.
This includes any of the following services:
- Advice, advertising and pricing
- Displaying merchandise for sale
- Receiving and accounting for payments
- Record-keeping
How Do I Get an Estate Sale Conductor Bond in Minnesota?
SuretyBonds.com provides the fastest and easiest way to get an estate sale conductor bond. Follow these steps to buy your bond instantly:
- Enter Information: Fill out the quick request form on this page
- Pay Invoice: Complete your purchase online or over the phone
- Receive Bond: Select your FedEx shipping option to receive your official bond form
Upon receipt, sign and file the bond documentation with your county treasurer.
How Fast Can I Get My Bond?
If you’re in a rush, SuretyBonds.com offers overnight FedEx delivery. Purchase now to receive your original bond form the next day.
Can I Get Bonded With Bad Credit?
Yes, this bond does not require a credit check! All applicants are automatically approved at the same price, regardless of credit score.
How Do I Renew My Estate Sale Conductor Bond?
Minnesota estate sale conductor bonds expire annually. When you work with SuretyBonds.com, we’ll send you reminders and a renewal invoice before your bond expires.
Once you pay your renewal premium, you’ll receive a continuation certificate to keep your bond active for another year. File this with your county treasurer as instructed.
How to Become an Estate Sale Conductor in Minnesota
Under state law, all estate sale conductors must file a $20,000 surety bond. The county treasurer must approve and endorse the bond before you can begin estate sales.
Additional requirements may vary by county. Contact your local county treasurer’s office for more information.
