The Alabama Auctioneer Surety Bond is required in order to obtain a license to be an auctioneer in the state of Alabama. To obtain the license, you would need to apply at the State Board of Auctioneers. Some of the requirements include being at least 19 years old to apply for an auctioneer license or 18 years old for an apprentice auctioneer license and also completing a set number of hours of classroom instruction from an institution recognized by the Board. You will also need to to take a written examination in order to qualify. You can look through the checklist posted on their website for more detailed information of what you will need.
Why do I need to get an Alabama Auctioneer Surety Bond?
This surety bond is needed to comply with the provision stated in the Alabama Auctioneers License Act No. 811-1973. The bond is in place to help protect against any misconduct. They not only protect the buyer’s bids and purchases, but auctioneer surety bonds also protect against any sort of misrepresentation of items auctioned and any substitution of goods. The bond guarantees the recovery of fines, expenses and/or fees levied by state regulators for non-compliance of the auctioneer. The Alabama State Board of Auctioneers requires that the Auctioneer surety bond is in the amount of $10,000.
How do I get an Alabama Auctioneer Surety Bond?
This bond is fairly easy to obtain, all we need is a completed application and we can get you a free quote right away. We offer an easy to navigate, online application. Our company, Surety Solutions Insurance Services, Inc (Surety1) has been in the business since 2003, and we are licensed in all 50 states. We have also been rated A+ by the Better Business Bureau so you can be assured that we can provide quality service for any of your surety bond needs.
Friendly agents available to answer your questions.