Peoria auctioneer bonds.
$100 flat.
The City of Peoria requires anyone conducting auctions within city limits to file a $1,000 surety bond with the City Clerk's Office — ours is $100 flat, and the price you see is the checkout price. The bond issues the moment you pay — no credit check.
Trusted by industry leaders
How much does a Peoria auctioneer bond cost?
$100 at the $1,000 amount, the same for every applicant.
Three steps. One sitting.
A Peoria auctioneer bond is about the simplest filing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
Bonds like this are among the thousands of bond types that issue right after purchase.
File with the City Clerk
Your executed bond and power of attorney arrive by email, ready to file with your Peoria auctioneer license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Illinois licenses auctioneers at the state level through the Illinois Department of Financial and Professional Regulation (IDFPR) under the Auction License Act. Layered on top of that, the City of Peoria requires anyone conducting auctions within city limits to carry a $1,000 surety bond filed with the City Clerk's Office as a condition of operating in the city.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Peoria (the obligee), with buyers, sellers, and consignors at your auctions as the protected parties. If an auctioneer mishandles proceeds or violates the terms of the local license, a harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay active for the life of your city license, so we track it and notify you 60 and 30 days out to keep your $1,000 filing continuous.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $1,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the City Clerk. Your executed bond and power of attorney arrive by email, ready to file with your Peoria auctioneer license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $1,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Illinois bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Peoria auctioneer filing today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.