Auctioneers and auction firms licensed to conduct auctions in Virginia must obtain this $10,000 surety bond. This applies to all applicants seeking or renewing an auctioneer license to operate legally in the state, including individuals or businesses engaged in conducting auctions as defined under Virginia Code § 54.1-600, whether applying by examination or…
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.
StateVABond amount$10,000ObligeeCommonwealth of VirginiaBond classLicense BondCategoryOtherBondState of Virginia - Auctioneer Surety Bond FormPlain descriptionAuctioneers (Other Than Livestock)Who needs this bondAuctioneers and auction firms licensed to conduct auctions in Virginia must obtain this $10,000 surety bond. This applies to all applicants seeking or renewing an auctioneer license to operate legally in the state, incl…
