In order to operate as an auctioneer or own an auctioneer firm in the State of Mississippi you must be licensed and provide a Mississippi auctioneer bond. By state law an auctioneer is defined as an individual who is engaged in, or who by advertising or otherwise holds himself out as being available to engage in, the calling for, the recognition of, and the acceptance of, offers for the purchase of goods or real estate at an auction. The Mississippi Auctioneer Commission is the state regulatory authority that oversees auctioneer compliance, examining applicants’ educational credentials, licensing of auctioneers, livestock auctioneers, and galleries/ firms, and investigation of complaints. The Mississippi auctioneer bond must be in the amount of $10,000 and guarantees that the auctioneer will comply with the provisions of the Mississippi Auctioneers License Act Sec. 73-4, and indemnify any party damaged buy the licensee’s fraudulent practices. Surety One, Inc., will issue these for experienced applicants regardless of his or her 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 Mississippi auctioneer bond application or information about auctioneer bonds in any state.
