Rhode Island Apprentice Auctioneer Bond

Get Your Rhode Island Apprentice Auctioneer Bond

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Are you starting your journey to become a full-fledged auctioneer in Rhode Island? To gain hands-on experience and legally practice as an apprentice, you'll need to secure a Rhode Island Apprentice Auctioneer Bond. This bond is a crucial requirement set by the Rhode Island Department of Business Regulation (DBR) under Rhode Island General Laws Title 5, Chapter 5-58, specifically for those holding an apprentice permit.

The required bond amount is $2,000.

Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.

We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.

We find the best possible price for your surety bond given your particular qualifications.

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

Obligee - Rhode Island Department of Business Regulation
Bond Amount - $2,000.00
Bond Premium - $100.00
Renewal Document - None.

Preview Bond Form

Click on the No Obligation Quote button to complete our simple, one-page online bonding application. Completing the following application allows the underwriters at BondAbility to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond with your personalized quote within the hour!

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$100

Contact Info

First Name *

Last Name *

Email *

Phone *

Fax

I am an ...

Insurance Agent

Applicant

Attorney

Other

Next

Applicant Info

Applicant Name (Exactly as to appear on bond or license) * _{Most Obligee's require that the name on the Bond EXACTLY match your license or license application.}

Type of Entity

Sole Ownership

Corporation

Partnership

LLC or LLP

Business Address *

City *

State * Select your State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Dist of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Zip Code *

Do you have or need other bonds

Effective Date *

Bond Amount *

Please indicate any ownership changes in the last 12 months

Previous surety (if any)

Reason for changing surety

Has the business or any of the owners been involved in:

Had any lawsuits, liens or judgements against them?

Yes

No

Ever failed in business or declared bankruptcy?

Yes

No

Ever been convicted of a crime?

Yes

No

Ever had their business license suspended, revoked or denied?

Yes

No

Ever been party to a surety bond claim?

Yes

No

Ever had a bond declined or cancelled?

Yes

No

If yes to any, please explain

Next

Personal Info

Add Another Owner

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Additional Documents

If there are documents that you would like to upload for our review, please upload them below

Add Another File

By submitting this Application, the owners listed above hereby authorize BondAbility, (including any of its representatives affiliates, agents or designees) to conduct any and all investigative inquiries including but not limited to obtaining consumer credit reports. Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false, incomplete, or misleading information, or conceals information concerning any material fact whereto, commits a fraudulent insurance act, which is a crime punishable by incarceration, and shall also be subject to civil penalties

Please check the box above.

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Why is This Bond Required for Apprentice Auctioneers?

The primary purpose of the Rhode Island Apprentice Auctioneer Bond is public protection. It ensures that apprentice auctioneers, while learning the trade, will: Comply with all provisions of Title 5, Chapter 5-58 of the General Laws of Rhode Island, "An Act Relating to the Licensing of Auctioneers." Faithfully observe and honestly comply with all state statutes, rules, and regulations related to auctioneering. Conduct all auction-related activities under the supervision of a licensed auctioneer. Avoid any fraudulent, dishonest, or unethical practices during their apprenticeship.

Even as an apprentice, you will handle property and potentially funds. This bond provides a financial safeguard for consumers against any losses incurred due to the apprentice's misconduct or failure to adhere to the law.

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