Mississippi requires every licensed auctioneer or auction firm to file a $10,000 bond with the Auctioneer Commission. Ours is $100 flat, set by our carrier's rate book for this bond. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
















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 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 auctioneer or firm license application. Wet-ink original mailed on request.
Mississippi licenses auctioneers and auction firms through the Mississippi Auctioneer Commission and conditions the license on a $10,000 surety bond under Miss. Code §73-4-29. The bond is a consumer-protection guarantee that you conduct auctions honestly and account properly for the money that passes through your hands.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Mississippi (the obligee), with sellers and buyers as the protected parties. If an auctioneer fails to remit sale proceeds or otherwise violates the auctioneering law, a harmed party can recover against the bond.
The bond must stay active as a condition of granting and retaining the license. Let it lapse and your license is at risk — so we track it and notify you 60 and 30 days out. It is not insurance for you: if the surety pays a claim, you repay the surety.
These are the actual issuing fields — no credit section, because this bond's application doesn't collect one.
Start the application →$100 flat, no credit review, bond often issued in the same sitting. Free until issued.