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 — the application collects no credit information.

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Required to conduct auctions inside Peoria city limits alongside your state auctioneer license

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Fixed price, fixed amount — $1,000 bond, $100, no quote process

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Multi-year terms available — set it up once for up to 3 years

A-ratedA.M. Best carriersInstantunderwriting processSoft pull onlynever a hard inquiry

Trusted by industry leaders

How it works

Three steps. One sitting.

A Peoria auctioneer bond is about the simplest filing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That's the application — no financials, no credit section, no follow-up scavenger hunt.

MINUTES, USUALLY

Pay & e-sign

Bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

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.

About this bond

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.

City of Peoria — City Clerk's OfficeA specific municipal-code section for Peoria's auctioneer bond was not publicly verifiable at the time this page was written, so this page names the administering department — the City Clerk's Office, which handles Peoria's local business and occupational licenses — rather than cite an unconfirmed ordinance number. Confirm current requirements with the City Clerk's Office before you file.

You need this bond if you're

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Applying for a Peoria auctioneer license — new applicants and renewals

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Renewing your city auctioneer license and your current bond is expiring or non-renewing

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An out-of-town auctioneer planning a sale or event inside Peoria city limits

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Reinstating a lapsed city license that needs a fresh bond filing

One application, issued instantly.

These are the actual issuing fields — no credit section, because this application doesn't collect credit information.

Start the application →

FAQ

Common questions.

How much is the Peoria auctioneer bond?The premium is $100 flat — set by our carrier's rate book for this bond, the same for every applicant. The $1,000 bond amount is fixed by the City's local auctioneer requirement, so there is no quote process.

Do I pay the $1,000?No. You pay $100. The $1,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

How fast will I have the bond?Bonds like this are among the thousands of bond types that issue right after purchase — many applicants finish the application and have the bond in the same sitting. At most, 1–2 business days.

Is there a credit check?The application collects no credit information, so most applicants approve instantly. If a check ever runs on this bond, it's a soft pull that won't affect your score.

Do I still need the state IDFPR auction license?Yes. This bond satisfies the City of Peoria's local requirement — it doesn't replace your Illinois auctioneer license from the Department of Financial and Professional Regulation (IDFPR). Most auctioneers working in Peoria need both.

Related bonds

Other Illinois bonds.

Finish your Peoria auctioneer filing today.

$100 flat, soft pull only, bond often issued in the same sitting. Free until issued.

Start application

Your price$100

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