Licensed auctioneers conducting auctions in Maine—individuals or businesses who sell or offer property to the highest bidder at public auctions—must obtain this $10,000 surety bond as a prerequisite for initial and renewal licensure under Maine Statute 32-284.
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.
StateMEBond amount$10,000ObligeeTreasurer of the State of MaineBond classLicense BondCategoryOtherBondState of Maine - Auctioneer BondPlain descriptionAuctioneers (Other Than Livestock)Who needs this bondLicensed auctioneers conducting auctions in Maine—individuals or businesses who sell or offer property to the highest bidder at public auctions—must obtain this $10,000 surety bond as a prerequisite for initial and rene…
