The Colorado Bond of Motor Vehicle Buyer Agent is required by the Colorado Department of Revenue.
The required bond amount is $5,000. The bond, generally, will cost you $100 for the year.
The State of Colorado defines a buyer agent as any person who is retained or hired by a consumer for a fee or other thing of value to assist, represent or act on behalf of a consumer in purchasing or leasing a motor vehicle. Take note that a motor vehicle dealer is not the same as a buyer agent and that buyer agents cannot receive any fee from the dealer.
You will need to apply for the license if you want to be a buyer agent. You can apply anytime within the year. The requirements that must be submitted include :
For applicant’s who are applying as a corporation or limited liability company, you must also submit Secretary of State’s Certificate of Incorporation, Secretary of State’s Certificate of Assumed or Trade Name, etc.
You are also required to submit a surety bond with the amount of $5,000. This is to ensure that you will be conducting your business professionally, following the rules and regulations of the state.
If you wish to obtain a Colorado Bond of Motor Vehicle Buyer Agent, all you need to do is fill out our easy to navigate online application form and one of our licensed agents will contact you shortly thereafter with a firm quote. After payment is remitted and necessary paperwork is signed, your bond will be shipped to you with overnight shipping options available.
Surety1 has been in the business since 2003 and maintains an A+ rating by the Better Business Bureau by providing fast and friendly service.