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Mississippi Auctioneer Bond

How much does an auctioneer bond cost in Mississippi?

The Mississippi Auctioneers Commission requires auctioneers to post $10,000 surety bonds to legally work within the state.

SuretyBonds.com offers auctioneer, gallery or firm license bonds for just $100! No credit check is required, so everyone pays the same low rate. Simply click the Buy Now button below to visit our secure payment portal to purchase your bond online today.

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 in full force and effect 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 6 months (2” x 2” size).

More licensing information can be accessed from the “Important Links” section of this page.

Ready to get started?

Mississippi Auctioneers Commission Auctioneer or Firm License (bond form)

Mississippi Auctioneer Commission Application for Auctioneer &/or Firm License

Auctioneers

Mississippi Auctioneer Commission

Mississippi Auctioneer Commission Forms

Mississippi Auctioneer Commission Application Check List

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