Pontiac auctioneer bonds.
$100 flat.
The City of Pontiac requires an auctioneer to file a $2,500 surety bond, approved by the mayor or city attorney, before the license administrator will issue an auctioneer's license. Ours is $100 flat, and the price you see is the checkout price.
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How much does a Pontiac auctioneer bond cost?
$100 at the $2,500 amount, the same for every applicant.
Three steps. One sitting.
A city auctioneer bond is about the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That's the application — no financials, no long form.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the license administrator
Your executed bond arrives by email, ready to file with your Pontiac auctioneer license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Pontiac's Code of Ordinances, Chapter 26, Article IV, licenses auctioneers who conduct sales within the city. Section 26-284 conditions the license on a $2,500 surety bond, made out to the city and approved by the mayor or the city attorney, filed with the license administrator.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Pontiac (the obligee), with buyers, sellers, and the city as the protected parties. If a licensed auctioneer's conduct violates the ordinance or causes covered harm, a claim can be made against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Pontiac auctioneer licenses expire December 31 following the date of issuance, so we track the term and send renewal reminders so your license doesn't lapse.
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 $2,500 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 license administrator. Your executed bond arrives by email, ready to file with your Pontiac auctioneer license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $2,500 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 — a short business form, no financials.
Start the application →Common questions.
Other Michigan bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Pontiac auctioneer license today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.