What are Auctioneer bonds?
Most states require that individuals file a surety bond before they can be licensed as a professional auctioneer or auction house operator. Just like other surety bonds, auctioneer bonds protect consumers in the event of fraud or other ethical breaches.
Auctioneer Bonds – E. R. Munro and Company
Auctioneer Bonds. An Auctioneer Bond is known as a License and Permit Bond. In order to secure an Auctioneers‘ License, the bond must be filed with the state before an individual can begin the process of becoming an Auctioneer. … License and Permit Bonds “put teeth” into the laws passed for the protection of the public.