California Auctioneer/Auction Company Bond

The California Auctioneer/Auction Company Bond is a type of surety bond required by the California Secretary of State. The amount of the bond is $20,000 and the cost is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a California Auctioneer/Auction Company Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the California Auctioneer/Auction Company Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of auctioneer/auction company.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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Who needs this bond and what is it for?

In California, both individual auctioneers and auction companies are required to have a California Auction Company Bond before they can legally do business. This requirement is outlined in the California Civil Code, Section 1812.600.

Here’s a breakdown of who needs the bond:

• Individual auctioneers: Anyone conducting auctions in California, even if they are not part of a formal company, must have the bond.ca auction
  

  Click here for the bond form

• Auction companies: Any business entity that facilitates auctions in the state needs the bond, regardless of whether they employ individual auctioneers or not.

It’s important to note that:

• The bond amount is $20,000. It serves as financial protection for anyone who suffers harm due to the auctioneer or company’s actions, such as fraud, misrepresentation, or failure to deliver promised services.
• There is no separate auctioneer license required in California. The bond acts as a form of licensing requirement.
• The bond must be renewed every two years.
• If you’re unsure about whether you need a California Auction Company Bond, it’s best to consult with a legal professional or the California Secretary of State’s office. They can provide you with more specific information based on your individual circumstances.

Mail the original California Auctioneer/Auction Company Bond documents to:

California Secretary of State Business Filings Processing Unit
PO Box 944233
Sacramento, CA 95894-4233

Include a $30.00 Filing Fee. (Verify filing fee before submitting)