Minnesota auctioneer bonds.
From $100.
Minnesota auctioneers are licensed at the county level under Minn. Stat. 330.02 — before making sales you give a corporate surety bond to the county, in an amount the county treasurer fixes. The statute sets the range at $1,000 to $3,000; priced at 1% of the bond amount, $100 minimum.
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How much does a Minnesota auctioneer bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the auctioneer bond — enter your amount, pay, and file with your county treasurer. Here is the whole thing:
Apply online
Your business details, the county you’re licensing in, the amount your treasurer set, and the effective date — that is the application.
Issued on the spot
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
File with your county treasurer
The treasurer endorses the bond and files it in the treasurer’s office. Wet-ink originals mailed whenever the county insists on them.
What it is and who needs it.
What the auctioneer bond actually covers
Minnesota licenses auctioneers at the county level under Minn. Stat. 330.02. Before making sales, every auctioneer gives a corporate surety bond to the county, and the bond is filed with — and endorsed by — the county treasurer.
The bond is a conduct-and-payment guarantee: it backs your compliance with the statutes governing auctioneers and the payment of all monies you owe in the course of conducting sales. If you fail to and someone is harmed, they can recover against the bond — and if the surety pays, you repay the surety.
The amount is fixed by the county treasurer, in a penal sum of not less than $1,000 nor more than $3,000. Because it varies by county, you enter the figure your treasurer set and pricing starts from $100 — no credit check up to $250,000.
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 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.
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 your county treasurer. The treasurer endorses the bond and files it in the treasurer’s office. Wet-ink originals mailed whenever the county insists on them.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount your county treasurer set — no credit check up to $250,000, and the executed bond is generated instantly for most applicants, ready to file.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Auctioneer bond, issued today.
Pricing from $100. Enter the amount your county set and file the same day.