Georgia Auctioneer Bond

To get an auctioneer license in Georgia, you need a $20,000 bond. You file it with the Georgia Auctioneers Commission. It is a standard license step.

Bond Amount
$20,000
Typical Premium
$200–$1,000/yr
Term
2 Years
Required By
Georgia Auctioneers Commission (Secretary of State)
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What Is the Georgia Auctioneer Bond?

The Georgia auctioneer bond stands behind your sales. If you mishandle a consignor's money, they can file a claim. The surety covers it, and you repay the surety.

In Georgia, the bond is $20,000.

Who Needs This Bond in Georgia?

How to Get Bonded — Step by Step

  1. Apply for your license.
  2. Get your bond here. We match you with a strong surety.
  3. File the bond to the Georgia Auctioneers Commission.
  4. Get your license and run your auctions.

Renewal & Continuous Bond Coverage

Your Georgia license is good for two years. Renew the bond ahead of time so your license never drops.

Frequently Asked Questions

Does the Georgia bond protect me?

No. The bond protects your customers and the state, not you. If a claim is paid, you repay the surety. The bond is not your own insurance.

How fast can I get bonded in Georgia?

We shop several sureties for you, often within a day. Many bonds are issued the same day for good credit.

How much does the bond cost?

You pay a yearly premium — a small percent of the bond amount. Your rate depends mostly on your credit.

How a Surety Bond Works

An auctioneer bond is a type of surety bond. The picture below shows the three parties and what happens if someone files a claim.

Diagram of how a surety bond works: the obligee requires the bond, the principal applies and signs an indemnity agreement, and the surety issues the bond; if the principal fails, the obligee files a claim, the surety investigates and may pay, and the principal reimburses the surety.

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Related: All Georgia surety bonds · What is a surety bond? · How surety bond costs are calculated

Underwriting Disclosure. All surety bond applications are subject to underwriting review and approval by the issuing surety company. Quoted premiums are estimates only; final pricing is determined by individual underwriting factors, which may include personal and business credit history, financial statements, industry experience, and claims history. Many bonds qualify for instant online approval, while others may require additional documentation, financial review, or indemnitor signatures prior to issuance. SuretyBondly makes no representation, warranty, or guarantee of approval, eligibility, premium amount, bond form, or issuance timing. Bond amounts, forms, and requirements are governed by the applicable obligee and statutory authority and may change without notice. Information provided on this page is for general informational purposes only and does not constitute legal, financial, or tax advice.