How much does an auctioneer bond cost in Mississippi?
The Mississippi Auctioneers Commission requires auctioneers to post $10,000 surety bonds to work within the state.
SuretyBonds.com issues auctioneer, gallery, or firm license bonds instantly for just $100! Simply click Buy Now to visit our secure bond checkout where you can purchase your bond directly from our site. In just a few minutes you can be on your way to getting bonded as a licensed auctioneer, firm, or gallery in Mississippi.
| Bond Type | Bond Amount | Cost | |
|---|---|---|---|
| $10,000 Auctioneer, Gallery, or Firm License Bond | $10,000 | $100 |
Why do I need this bond?
Mississippi auctioneer, gallery, or firm license bonds guarantee that principals (auctioneers) conduct business in accordance with the License and Regulate Practice of Auctioneering Act (Bill No. 2554). The bond protects any person who suffers losses from any misrepresentation, fraud or violation of the act committed by the principal while on the job.
What’s the fine print?
Auctioneer, gallery, or firm license surety bonds in Mississippi remain effective indefinitely. The surety can cancel the bond at any time by giving written notice to the Mississippi Auctioneers Commission 90 days prior to the effective date of cancellation.
How to become an auctioneer in Mississippi
Mississippi residents must pay the following fees to apply for an auctioneer or auction firm license:
- Auctioneer: $100 application processing and examination fee, $200 license fee
- Auction firm: $100 application processing and examination fee, $200 licensing fee
Non-residents must pay the following fees to apply for an auctioneer or auction firm license:
- Auctioneer by reciprocity: $100 application fee, $250 out-of-state vendor fee, $200 license fee
- Auctioneer by non-reciprocity: $100 application processing and examination fee, $250 out-of-state vendor fee, $200 licensing fee
- Firm license by reciprocity: $100 application processing fee, $250 out-of-state vendor fee, $200 license fee
- Firm license by non-reciprocity: $100 application and examination fee, $250 out-of-state vendor fee, $200 license fee
All license fees must be renewed on a biennial basis. Applicants must also submit a clear, full-face photo of his or her head and shoulders taken within the past six months (2” x 2” size).
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Additional Resources
Mississippi Auctioneers Commission Auctioneer or Firm License (bond form)
Mississippi Auctioneer Commission Application for Auctioneer &/or Firm License
Mississippi Auctioneer Commission
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