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Alabama Auctioneer Surety Bond

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The Alabama State Board of Auctioneers requires that all Auctioneers, Apprentice Auctioneers, Reciprocal Auctioneers and Non-Resident Auctioneers obtain an auctioneer license for any person or entity who gains by commission or any other benefit at auction or with the intention or expectation of receiving a benefit, through the process of an auction or sale at auction, offers or negotiates, or attempts to negotiate a listing sale, contract, purchase, or exchange of goods, chattels, or engages in bid calling for a fee. merchandise, real or personal property and an Alabama Auctioneer Surety Bond.

The surety bond ensures that auctioneers will comply with the Alabama's rules and regulations. Licensees must provide a new surety bond before an old one expires in order to prevent a lapse in licensure.

License and Surety Bond Requirements:

  1. must be at least 19 years old
  2. must be a US citizen
  3. complete a course of study at an accredited auctioneer school
  4. pay an examination fee
  5. Obtain a $10,000 surety bond
  6. must have served as an apprentice auctioneer for one year
  7. must have been principal auctioneer in at least five auctions
  8. be recommended by an employing auctioneer

How Much Will an Alabama Auctioneer Bond Cost?

The premium that you pay for a Alabama Auctioneer Surety Bond is dependent on credit.

Did You Know?

Non-residents of Alabama may apply for licensing by reciprocity.

Related Links:

Alabama State Board of Auctioneers
Alabama Auctioneer Code

More Surety Bond Questions?

Check out our FAQ page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.


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