Mississippi Gallery/Firm Auctioneer Bond

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General Information

If you operate an auction gallery or auction firm in Mississippi, obtaining a Mississippi Gallery/Firm Auctioneer Bond is a mandatory step for licensure. This bond is a vital requirement set forth by the Mississippi Department of Agriculture & Commerce Auctioneer Commission, ensuring that your business operates with integrity and protects the public. The required bond amount is $10,000.

No underwriting or credit check required! Just complete the information below, pay by credit card, and we will email an Indemnity Agreement for you to sign and send back to us by either fax or email. Once we receive the signed Indemnity Agreement, your bond will be issued in minutes!

Follow this link if you would like to visit the Mississippi Auctioneer's Commission website for the Auctioneer (Gallery/Firm) Bond form.

Additional information about this corporate surety bond requirement is as follows:

Obligee - Mississippi Department of Agriculture & Commerce Auctioneer Commission
Bond Amount - $10,000.00
Bond Premium - $100.00

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Contact Info

First Name *

Last Name *

Phone *

Email *

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Bond Information

Enter EXACTLY as it should appear on the bond.

Licensee Name *

Business Address *

City *

State *

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Zip *

Business County *

Effective date *

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Additional Information & Shipping

Additional Information

Available shipping options are shown below. After clicking Order Review you will have the option to review your order as well as select your payment method and you're done!
IT'S THAT SIMPLE.

Shipping Options

Original Bond Emailed by End of Next Business Day --- $0.00

Original Bond Emailed within 1 Business Hour --- $9.95

Priority Mail - Trackable Delivery (order by 12pm EST) --- $15.25

Next Business Day Delivery (order by 12pm EST) --- $29.50

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Why is the Mississippi Gallery/Firm Auctioneer Bond Required for Galleries and Firms?

The primary purpose of the Mississippi Gallery/Firm Auctioneer Bond is consumer protection. It ensures that your auction business will:

Operate in strict compliance with the Mississippi Auctioneer Licensing Act (Mississippi Code 73-4-5) and all relevant regulations.

Conduct all auction sales fairly, honestly, and transparently.

Properly handle and account for all funds, consignments, and property entrusted to the firm.

Avoid any instances of fraud, misrepresentation, or unlawful acts.

Indemnify any person who suffers a financial loss due to a violation of the act by the firm or its employees.

Should your gallery or firm fail to adhere to these obligations, leading to financial harm to a consumer, they can file a claim against your bond to seek compensation. The surety company, upon validating the claim, will pay out up to the bond amount, and your firm would then be responsible for reimbursing the surety.

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