Pennsylvania Auctioneer Bond

To get an auctioneer license in Pennsylvania, you need a $5,000 bond. It goes to the Pennsylvania Board of Auctioneer Examiners. Most auctioneers handle it fast.

Bond Amount
$5,000
Typical Premium
$100–$250 (2-year term)
Term
2 Years
Required By
PA State Board of Auctioneer Examiners
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What Is the Pennsylvania Auctioneer Bond?

The Pennsylvania auctioneer bond stands behind your sales. If you fail to pass on what a sale brings in, they can file a claim. The surety covers it, and you repay the surety.

The Pennsylvania bond is set at $5,000.

Who Needs This Bond in Pennsylvania?

How to Get Bonded — Step by Step

  1. Apply to be licensed.
  2. Buy your bond online here — quick approval for most.
  3. Turn in the bond with the Pennsylvania Board of Auctioneer Examiners.
  4. Receive your license and start selling.

Renewal & Continuous Bond Coverage

Pennsylvania auctioneer licenses run two years. Your bond must stay in force the whole time. Start before it expires so you do not lose your license.

Frequently Asked Questions

Does the Pennsylvania 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 Pennsylvania?

Most quotes come back fast, 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. Good credit means a lower rate.

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.

Ready to get your Pennsylvania Auctioneer Bond?

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Related: All Pennsylvania 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.