MA Auctioneer Bond Overview
- Purpose: To ensure auctioneers operate legally and honestly
- Who Needs It: All auctioneers and auctioneer businesses in Massachusetts
- Regulating Body: The Massachusetts Office of Consumer Affairs & Business Regulations
- Required Coverage: $10,000
- Premium Rate: $100 for a 1-year term
What Is a Massachusetts Auctioneer Bond?
This type of surety bond protects the state of Massachusetts and consumers from financial losses resulting from illegal acts committed by an auctioneer. Under Massachusetts General Laws Chapter 100 Section 3, all auctioneers in the state must file a $10,000 surety bond to be licensed.
How Much Do MA Auctioneer Bonds Cost?
The $10,000 Massachusetts auctioneer bond costs a flat rate of $100 for one year. You can also save 25% by choosing our multi-year discount option during checkout.
How Do I Get My Auctioneer Bond?
You can purchase your Massachusetts auctioneer bond online 24/7. Simply choose your preferred term and provide your auctioneer name and address for Office of Consumer Affairs and Business Regulation filing approval.
Once you checkout, we'll email your official bond form in minutes.
How Quickly Can I Get My Bond?
SuretyBonds.com offers instant Massachusetts auctioneer bond delivery 24/7. Buy now to receive your official auctioneer license bond in minutes by email.
Who Needs an Auction Bond in Massachusetts?
Individual auctioneers and auction companies must file a $10,000 surety bond with the state before being licensed in the state.
How Does the Bond Work?
By filing this Massachusetts surety bond for your auctioneer license, you agree to comply with state law. If you fail to do so, your issuing surety company will pay valid claims to harmed individuals up to the full $10,000 bond amount. However, you are indemnified the surety, which means you
Can I Update My Bond Form?
You cannot change a bond form yourself once it is filed. If the Division of Standards requires your auctioneer bond form to be updated for any reason, contact your surety provider.
If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating the auctioneer's name or address to match the state's license.
How to Get an Auctioneer License in Massachusetts
The Massachusetts Office of Consumer Affairs and Business Regulations Division of Standards enforces licensing requirements for auctioneers. Complete the following steps to apply for your Massachusetts auction license.
- Fill out your auctioneer application.
- Provide your certified auction school diploma or certificate.
- Purchase and file a $10,000 auction bond.
- Pay the license fee.
- Provide 2 letters of recommendation from either licensed auctioneers, members of the Massachusetts Bar, or elected officials.
- Submit your application online or in person at the address below.
Division of Standards
1000 Washington St.
Suite 510
Boston, MA 02118
If you have questions about the auctioneers license, the status of your current license, or the bond requirement, you can contact the Division of Standards by calling 1(617)727-3480 or emailing [email protected].
