Georgia Athlete or Professional Sports Agent Surety Bond
Athlete Agents in Georgia must register with Georgia's State Regulatory Commission and the Uniform Athlete Agents Act (UAAA) and post a surety bond before they are eligible to contact an athlete.
An Athlete Agent or Professional Sports Agent has a $10,000 bond requirement for registration. An athlete agent is a person or company who procures and negotiates employment and endorsement contracts for an athlete in NCAA athletic programs or professional sports. The agent, in return, receives a percentage of the employment endorsement contract value. The surety bond guarantees that the agent will perform their responsibilities according to the contract entered into with the athlete, as well as not take any more funds than the agreed upon commission percentage.
The state of Georgia has strict penalties for those who violate the laws, which can include fines ranging from $5,000 to $100,000, or imprisonment of one to five years, or both.
Surety Bond and Registration Requirements:
Applicants must complete the registration application obtained from the Georgia Athlete Agent Regulatory Commission, pay the registration fee and obtain a $10,000 surety bond. The surety bond will run concurrently with the registration period and must be renewed annually by June 30 of odd years. Call SuretyGroup.com for additional state bond requirements.
How Much Will This Bond Cost?
The premium that you pay for a Georgia Athlete Agent Registration Surety Bond is dependent on credit. Premiums start at $100 with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
Related Links
Georgia Athlete Agent Regulatory CommissionGeorgia Rules and Regulations Department 54
For more information, read our Blog on Athlete Agent Bonds.
More Surety Bond Questions?
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. 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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