Every auctioneer and auction company Required when: Before conducting any business as an auctioneer or auction company Exemptions: Wholesale motor vehicle auctions subject to regulation by the Department of Motor Vehicles; Sale of real estate or unified sale of real estate with personal property; Radio, television, or…
Overview
What it is.
Every auctioneer and auction company Required when: Before conducting any business as an auctioneer or auction company Exemptions: Wholesale motor vehicle auctions subject to regulation by the Department of Motor Vehicles; Sale of real estate or unified sale of real estate with personal property; Radio, television, or…
Who usually needs it
Every auctioneer and auction company
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCABond amount$20,000Term lengthContinuousObligeeCalifornia Secretary of StateRenewalContact the surety company to request a renewal or continuation. A renewal or continuation must be filed with the Secretary of State prior to the expiration of the current surety bond. If not filed prior to expiration, …Bond classLicense BondCategoryMotor VehicleBondAuctioneer/Auction Company Surety BondStatutory referenceCalifornia Civil Code Section 1812.600JurisdictionState
