California is one of few states that do not license auctioneers and auction companies however you MUST have a California auctioneer bond on file with the Secretary of State. California Code defines “auctioneer” as any individual who is engaged in, or who by advertising or otherwise holds himself or herself out as being available to engage in, the calling for, the recognition of, and the acceptance of, offers for the purchase of goods at an auction (CA Civil Code Title 2.95). The same statute section requires that every auctioneer and auction company shall maintain a California auction company bond in the sum of twenty thousand dollars ($20,000) and payable to, the people of the State of California. The California auctioneer bond shall be for the benefit of any person or persons damaged by any fraud, dishonesty, misstatement, misrepresentation, deceit, unlawful acts or omissions, or failure to provide the services of the auctioneer or auction company in performance of the auction by the auctioneer or auction company or its agents, representatives, or employees while acting within the scope of their employment (Sec.1812.600-1812.609).
California surety bond leader, Surety One, Inc., issues auctioneer license bonds in ALL states where required by law. All experienced applicants are welcome regardless of credit condition. Do you also eed a fidelity bond to employee dishonesty risks? We can help with that too! Visit SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a California auctioneer bond, or for information on auctioneer bonds in any state where you operate.
