The City of Yonkers, New York requires an auctioneer to file a fixed $5,000 bond with the City to hold an auctioneer license. Our carrier's rate book prices this specific bond at a flat $100 — the same for every auctioneer, no quote round-trip.
















City 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.
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 and power of attorney arrive by email, ready to file with your auctioneer license application. Wet-ink original mailed on request.
An auctioneer license bond is a consumer-protection guarantee to the City. Yonkers wants assurance that a licensed auctioneer will run sales honestly — account for proceeds, deliver goods, and follow the City auctioneer ordinance.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of Yonkers (the obligee), with buyers and consignors as the protected parties. If an auctioneer mishandles proceeds or violates the ordinance, a harmed party can recover against the $5,000 bond.
The bond must stay active for the life of your license. Let it lapse and the City can suspend your auctioneer license — so we track it and notify you ahead of expiration.
These are the actual issuing fields — the application collects no credit information.
Start the application →$100 flat, no credit review, bond often issued in the same sitting. Free until issued.