Mississippi Auctioneer Surety Bond
Mississippi Auctioneer Bond – $100, Instant Issue
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General Information
Why Do I Need a Mississippi Auctioneer Surety Bond?
Every auctioneer, livestock auctioneer, and auction gallery/firm licensed in Mississippi must file a $10,000 surety bond with the Mississippi Auctioneer Commission as part of the licensing requirements. This bond guarantees that the licensee conducts business ethically and in accordance with the Mississippi Auctioneers Licensing Act (Miss. Code Title 73, Chapter 4), and it protects the public against fraud, misrepresentation, and the failure to remit auction proceeds.
The bond must be filed with your license application and maintained for as long as you hold an active Mississippi auctioneer or firm license.
Fast & Simple Bond Solutions – No Application or Credit Check Required
BondAbility issues the Mississippi Auctioneer Surety Bond instantly. No application, no underwriting, and no credit review. Your bond is emailed to you immediately after payment.
Mississippi Auctioneer Bond Pricing
| Bond Amount | Term | Price | Credit Check Required |
|---|---|---|---|
| $10,000 | 1 Year | $100 | No |
| $10,000 | 2 Years (Discounted) | $175 | No |
| $10,000 | 3 Years (Discounted) | $250 | No |
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About Auctioneering in Mississippi
Under Miss. Code § 73-4-5, it is unlawful for any person, corporation, LLC, partnership, or other entity to conduct an auction, provide an auction service, or hold themselves out as an auctioneer in Mississippi without a license issued by the Mississippi Auctioneer Commission. The Commission licenses three categories of activity: individual auctioneers, livestock auctioneers, and auction galleries/firms.
The licensing law exists to ensure auctioneers engage in ethical business practices and to give consumers a way to recover losses caused by a licensee's misconduct. Certain sales are exempt from licensing, including those conducted by charitable, religious, or nonprofit organizations and sales performed by federal or state government employees as part of their official duties. The bond requirement applies to anyone applying for or renewing an auctioneer, livestock auctioneer, or firm/gallery license.
Bond Details at a Glance
- Bond Amount: $10,000
- Term: 1, 2, or 3 Years
- Price: $100 for 1 year (discounted multi-year terms available)
- Credit Check: Not required
- Obligee: Mississippi Auctioneer Commission
- Obligee Address: 5135 Galaxie Dr #500E, Jackson, MS 39206
How to Get Licensed as a Mississippi Auctioneer
To apply for a NEW or RENEWAL Mississippi auctioneer, livestock auctioneer, or firm/gallery license, applicants must submit the completed Commission application, the required fees, proof of any applicable education or examination, and the $10,000 surety bond. Auctioneers who own an auction firm are required to carry only one surety bond.
Applications and the official bond form are available on the Mississippi Auctioneer Commission website. Licensees must complete 6 hours of continuing education for each annual renewal to keep the license active.
Frequently Asked Questions
What is the bond used for?
The Commission requires the bond to guarantee that the auctioneer or firm complies with the Mississippi Auctioneers Licensing Act and operates lawfully. If a licensee violates the law or fails to remit auction proceeds, an injured party may file a claim against the bond.
How fast will I receive my bond?
Immediately. Your bond is emailed to you within minutes after payment.
Do I need a separate bond for my firm and for myself?
No. An auctioneer who owns an auction firm is only required to carry one $10,000 surety bond.
Is a credit check required?
No. BondAbility issues this bond with no application and no credit check.
Is the bond refundable if my application is denied?
No. Bond premiums are fully earned upon issuance.