The Rhode Island Auctioneer Bond is required by the Director of The Department of Business Regulation. The bond amount will not exceed $10,000 and not be less than $2,000, at the discretion of the director.
The bond states that the bondholder, or Principal, will comply with the provisions of Title 5, Chapter 5-58 of the General Laws of Rhode Island, An Act Relating to the Licensing of Auctioneers.
Who needs the Rhode Island Auctioneer Bond?
For all who will be applying for an auctioneer license. Once their application has been approved, they must submit a surety bond.
In order to find out the cost of the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price.
What are the other requirements that must be met?
All who are applying for an auctioneer license must not only submit a surety bond, but they must also have good moral character. They must also undergo a criminal record check, pass the examination and pay the $200 license fee.
Where can I get a Rhode Island Auctioneer Bond?
Contact Surety1 today for all your surety bond needs. We have been issuing surety bonds in Rhode Island since 2003. Not only do we offer the lowest rates due to our partnership with over a dozen surety companies, but we can also assure the fast processing of your surety bond application.
All you need to is complete the online application form. Our licensed agents will contact you with a no-obligation quote for your bond. If you wish to move forward with us, just pay the quoted price and sign the agreement.
Surety1 caters to all 50 states and we even have an A+ rating from the Better Business Bureau.
Call us toll-free at 877-654-2327. We have live surety bond agents available Monday – Friday, 8:00 – 4:30 PST. We’re happy to help.