OH auction firm bonds.
$1,500 flat. Five minutes.
Ohio requires every licensed auction firm to file a $50,000 bond as evidence of financial responsibility with the Department of Agriculture, under R.C. 4707.074. Ours is $1,500 flat — 3% of the bond amount, identical for every firm. No credit check on this bond.
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Three steps to licensed.
Your auction firm license is waiting on this bond. Here's the entire process:
Apply online
Firm details and an effective date. That is the application — no financials, no credit check section.
Pay & e-sign
License bonds like this are among the thousands that issue right after purchase. At most, 1–2 business days.
File with the Department of Agriculture
Your executed bond arrives on the Auction Firm Bond Statement, ready to file with your license application. Wet-ink original mailed on request.
The whole pricing page.
$50,000 bond × 3% = $1,500, one-time per term. Fixed amount, fixed price. The firm bond renews on the statutory June 30 cycle.
What it is and who needs it.
What the bond actually guarantees
Ohio licenses auction firms through the Department of Agriculture, and R.C. 4707.074 requires a firm to file a $50,000 surety bond as evidence of financial responsibility with its license application. The bond is filed on the state's Auction Firm Bond Statement.
It's a consumer-protection guarantee: it stands behind the firm's compliance with Ohio auction law (Chapter 4707) and the proper handling of sale proceeds. If a firm fails to remit money owed to a seller or buyer or otherwise violates the auction statute, the harmed party can recover against the bond up to $50,000.
It is not insurance for you. If the surety pays a valid claim, you repay the surety. Firms that handle proceeds properly and follow the auction law treat the bond as a license formality, not a risk.
You need this bond if you're
Five minutes. The whole thing.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Ohio auction firm bond? +
Do I pay the $50,000? +
Who requires this bond? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
The Department of Agriculture is waiting on one document.
$1,500 flat, five-minute application, bond often issued in the same sitting. Free until issued.