Any person or entity retained or hired by a consumer for a fee or other thing of value to assist, represent, or act on behalf of the consumer in connection with the purchase or lease of a motor vehicle. Required when: Application for or renewal of a Buyer Agent's license.
Overview
What it is.
Any person or entity retained or hired by a consumer for a fee or other thing of value to assist, represent, or act on behalf of the consumer in connection with the purchase or lease of a motor vehicle. Required when: Application for or renewal of a Buyer Agent's license.
Who usually needs it
Any person or entity retained or hired by a consumer for a fee or other thing of value to assist, represent, or act on behalf of the consumer in connection with the purchase or lease of a motor vehicle.
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.
StateCOBond amount$5,000Term lengthAnnualObligeeColorado Department of Revenue, Auto Industry DivisionRenewalThe bond must be renewed annually at the same time the license is renewed, typically through a continuation certificate issued by the surety.Bond classLicense BondCategoryMotor VehicleBondBuyer Agent BondStatutory referenceC.R.S. 44-20-114JurisdictionState
