Wood Dale auctioneer bonds.
$100 flat.
The City of Wood Dale requires a $1,000 license bond from auctioneers before it licenses them to conduct sales inside city limits. Ours is $100 flat — the price you see at checkout is the price you pay, the same for every applicant. No credit check.
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How much does a Wood Dale auctioneer bond cost?
$100 at the $1,000 amount, the same for every applicant.
Three steps. One sitting.
A municipal license bond is among the simplest bonds we issue. Here is the whole process:
Apply online
Business details and an effective date — that is the application. No financials, no credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the City of Wood Dale
Your executed bond and power of attorney arrive by email, ready to file with your auctioneer license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The City of Wood Dale licenses businesses and trades that operate inside city limits through its Community Development Department, and conditions an auctioneer license on a $1,000 surety bond filed with the City. The bond guarantees an auctioneer conducts sales in compliance with city licensing terms.
It’s a three-party arrangement: you (the principal), the surety carrier, and the City of Wood Dale (the obligee), with the City and the public it licenses for as the protected parties. If a licensed auctioneer violates the terms of the license, a covered claim can run against the bond.
It is not insurance for you. If the City makes a valid claim and the surety pays, you repay the surety. This bond runs alongside the separate Illinois state auctioneer license required under the Auction License Act — the City’s bond does not replace it.
You need this bond if you are
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 of Wood Dale. Your executed bond and power of attorney arrive by email, ready to file with your 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 Wood Dale license today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.