The California Auctioneer Surety Bond is required by the California Secretary of State. Send the executed document and filing fee if any to.
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California Auctioneer-Auction Company License Surety Bond.
California auctioneer bond. How much does an auctioneer or auction company bond cost in California. If an auctioneer conducts their business in violation of the law an affected party can seek recourse thanks to the auctioneer bond. California Auctioneer Bond Information The California Secretary of State requires that professional auctioneers and auction companies operating in the state furnish a 20000 surety bond to the Secretary of State ensure ethical business conduct and compliance with state codes and guidelines pertaining to the business activities conducted by the licensee its.
These bonds are subject to underwriting consideration so the price youll pay depends on a review of your personal credit report. While a license is not required to operate as an auction company in California every auctioneer and auction company must file and maintain a California Auctioneer Surety Bond in the amount of 20000 with the CA Secretary of State. The California Auctioneer Bond requirement is set forth in the California Business and Professions Code section 181260 to be in favor of and payable to the people of the State of California and shall be for the benefit of any person or persons damaged by any fraud dishonesty misstatement misrepresentation deceit unlawful acts or omissions or failure to provide the services of the auctioneer of auction company performance of the auction by the auctioneer or auction.
Specifically the bond serves as an auctioneers guarantee to conduct auctions or operate an auction company in accordance with the rules established in Californias Civil Code Division 3 Part 4 Title 295. Lowest Price - Our a. A California auctioneer bond is required by the California Secretary of State before an auctioneer or auction company can acquire the licensing required to conduct business.
What is a california auctioneer surety bond. Get Your Bond in Less Than 2 Minutes Our automated system is easy to use and provides your bond instantly and hassle-free. Pursuant to Section 1812600 a of the Civil Code every auctioneer and auction company shall maintain a bond.
California auctioneer bonds are a type of license and permit bond intended to protect the state of California and consumers. Include the filing fee of. The purpose of the bond is to ensure all auctioneers comply with Title 295 Part 4 of Division 3 in the state civil code.
Easy - Our application takes less than 60 seconds. Qualifying for the California auctioneer bond is by completion of a short surety bond application which well begin with you over the phone. Its purpose is to guarantee that California auctioneers will follow.
The California Secretary of State requires all auctioneers obtain a 20000 surety bond prior to conducting business in the state. The Secretary of State does not issue licenses to an auctioneer or auction company. Upon approval of your credit the premium is 360 and the bond is active for 2 years.
The California auctioneer bond shall be for the benefit of any person or persons damaged by any fraud dishonesty misstatement misrepresentation deceit unlawful acts or omissions or failure to provide the services of the auctioneer or auction company in performance of the auction by the auctioneer or auction company or its agents representatives or. What Is a California Auctioneer Bond. Once approved and paid for your bond.
The California Secretary of State requires auctioneers and auction companies to post 20000 surety bonds. Auctioneers Auction Companies licensed to transact business in the State of California are required to post and maintain an AuctioneerAuction Company License Surety Bond in the amount of 2000000. Box 942870 Sacramento CA 94277-2870 4.
Auctioneers across the US. Simply click Buy Now to visit our secure bond checkout and purchase your bond online. The application will need your signature for completion and there will be a credit review.
The Secretary of State of California requires that all Auction Companies execute a California Auctioneer Bond to ensure compliance with Section 1812600 of the Civil Code. However there is a requirement to have a 20000 bond on file with the Secretary of State and the fee for filing that bond is 3000. Auctioneers are one of the many professions regulated with the help of surety bonds.
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The term for all bonds submitted shall not be less than twenty-four 24 months. Among other functions this code outlines the auctioneers bond which is to protect. These bonds remain valid for a 2-year term so your bond premium will be doubled.
In this case the California auctioneer bond ensures that auctioneers comply with all provisions of Title 295 Part 4 of Division 3 of the Civil Code. How much does it cost to get an auctioneerauction company license. The purpose of the bond is to prevent unlawful actions and protect the interests of people bidding at auctions.
The bond is required by the California Secretary of State. Need an auctioneer bond as a part of their state licensing process. Anyone that wishes to conduct business as an auctioneer or auction house in the state of California is required to obtain a surety bond.
This bond is in the amount of 20000 and must be filed prior to conducting business. Like most license and permit bonds the California auctioneer bond is in place as a layer of enforcement for the laws that protect the general public. If you want to run an auction company in California you will have to get a California auctioneer bond.
The California Secretary of State requires auctioneers and auction companies to post 20000 surety bonds. California Secretary of State PO. California Auctioneer Bond Details.
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