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A Pennsylvania Auctioneer Bond is a surety bond required by the Pennsylvania State Board of Auctioneer Examiners (SBAE) for all licensed auctioneers in the state. The bond serves to protect consumers from financial losses if an auctioneer fails to comply with Pennsylvania law or the SBAE’s rules and regulations.

The Auctioneer Bond is a three-party agreement between the auctioneer, a surety company, and the SBAE. The surety company guarantees that the auctioneer will meet its financial obligations under the bond. If the auctioneer fails to comply with the law or the SBAE’s rules and regulations, the surety company may be required to pay damages to consumers who have been harmed by the auctioneer’s actions. If the surety pays a claim, it will seek reimbursement from the licensee.

The Auctioneer Bond is a condition of licensure for auctioneers in Pennsylvania. Auctioneers must obtain the bond before they can apply for a license from the SBAE. The bond must be maintained in good standing for as long as the auctioneer is licensed to operate in Pennsylvania. The amount of the Auctioneer Bond is $5,000.

How to get a Pennsylvania Auctioneer 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 Pennsylvania Auctioneer 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 do I become licensed as an Auctioneer in the state of Pennsylvania?

An auctioneer is an individual who sells or offers or attempts to sell property at auction. The term includes an individual who:

• Engages in or offers the calling for and recognition of bids at auction
• Engages in or offers any of the activities of an auction company
• Performs, or offers to perform, any of the functions or activities requiring licensure
• Holds himself out as engaged in the business of selling property at auction

To perform the duties of this profession you must licensed. To be licensed, all applicants must pass the exam after;

• Serving an apprenticeship as a licensed apprentice auctioneer for a period not less than two years
• Completing the required course of study
• Being licensed in good standing by another state to engage in auctioneering for at least two years.
• Demonstrating that the individual has conducted auctioneering for at least two years at a state that does not require a license

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