Maine requires every licensed auctioneer to file a fixed $10,000 bond with the Board of Licensing of Auctioneers. Ours is $275 flat — our minimum premium, since 3% of $10,000 ($300) lands just above it, so you get the floor. The application is five minutes, and license bonds like this are the fastest thing we issue.
















License bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no financials, no credit check section, no follow-up scavenger hunt.
License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond arrives by email, ready to file with your Board of Licensing of Auctioneers application or renewal. Wet-ink original mailed on request.
$10,000 bond, $275 per term — our minimum premium, since a flat 3% ($300) lands just above it. Fixed amount, fixed price, multi-year if you want it.
Maine licenses auctioneers through the Board of Licensing of Auctioneers, part of the Office of Professional and Occupational Regulation (OPOR), under Title 32, Chapter 5-B. The license is conditioned on a $10,000 surety bond — a consumer-protection guarantee that you will conduct auctions honestly and account properly for the proceeds you handle.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Maine (the obligee), with the buyers and sellers you serve as the protected parties. If an auctioneer mishandles sale proceeds or violates auctioneer law, a harmed party can recover against the bond.
The bond must stay active for the term of your license. Let it lapse and your license can be affected — so we track it and notify you 60 and 30 days out, keeping your $10,000 filing continuous.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$275 flat, five-minute application, bond often issued in the same sitting. Free until issued.