The Florida Department of Business and Professional Regulation (DBPR) requires all auctioneers to obtain a Florida Auctioneer Surety Bond in the amount of $10,000. All auctioneers need to obtain a license to legally do business in Florida and may need to obtain a .
To be an auctioneer in Florida, you must meet the following requirements:
- Be at least 18 years old
- Be a citizen or legal resident of the United States
- Have a high school diploma or GED
- Meet one of the following education or experience requirements:
- Complete an auctioneer school program approved by the Florida Department of Business and Professional Regulation (DBPR)
- Serve as an auctioneer’s apprentice for at least 80 hours
- Hold a valid auctioneer’s license from another state that has reciprocity with Florida
Once you have met the education and experience requirements, you must pass a written exam administered by the DBPR. The exam covers topics such as auction law, auction procedures, and auction ethics. Once you have passed the exam, you can apply for an auctioneer’s license from the DBPR. You must submit a completed application, pay a fee, and provide proof of insurance. Auctioneer licenses in Florida are valid for two years and must be renewed every two years. To renew your license, you must complete a continuing education course and pay a renewal fee.
You can learn more about these requirements on the Florida Department of Business and Regulation’s website.
What is the purpose of the Florida Auctioneer Surety Bond?
Auctioneer Surety Bonds are put in place to help protect against any misconduct. The bond protects the buyer’s bids/purchases. Auctioneer surety bonds also protect against any sort of misrepresentation of items auctioned and any substitution of goods. Additionally, the bond guarantees the recovery of fines, expenses and/or fees levied by state regulators for non-compliance of the auctioneer. Auctioneer license holders who fail to operate responsibly may be subject to a bond requirement. Some entities may also prefer, or even require, that an auctioneer be bonded, for financial protection for the auction.
Where can I get a Florida Auctioneer Surety Bond?
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Florida Auctioneer Surety 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 applicant for the license.
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.
How to Get Your Florida Auctioneer Surety Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.