An auctioneer that wishes to be licensed in Louisiana must provide the Auctioneers Licensing Board a Louisiana auctioneer bond. An auctioneer’s conduct is regulated by Louisiana Statute Chapter 42, and defines an auctioneer as any person who, for another, with or without receiving or collecting a fee, commission, or other valuable consideration, sells or offers to sell property at an auction. The louisiana auctioneer bond must be in the am0un of $10,000 and must run concurrent with the license, expiring each December 31st. The surety bond obligation is a guarantee of compliance by the licensee with the conditions of any written auctioneer’s contract made by the licensee in connection with a sale or auction in which he is a party, is assurance that the licensee will not violate any provision of the law in the conduct of the business, and must be made payable to the board for the use, benefit, and indemnity of any person who suffers any loss as a result of a violation. Surety One, Inc., will issue these for experienced applicants regardless of the principal’s credit condition. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. Visit the nation’s surety leader at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Louisiana auctioneer bond application or information about auctioneer bonds in any state.
