Minnesota Auctioneer Bond

Complete Guide to Auctioneer Bonds in Minnesota

1. Start Your Application

Fill out the online application form

2. Receive Your Free Quote

You will be sent your quote in minutes

3. Buy Your Surety Bond

We offer secure payment options

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Get a free Minnesota auctioneer bond quote with no hassle
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How Much Does a Minnesota Auctioneer Bond Cost?

The cost of an auctioneer bond in Minnesota is between $100 and $300. This is based on the required bond amount of $1,000 to $3,000. You can purchase your bond from an authorized surety company at a bond premium rather than pay the full amount.

Our respected surety company has served Minnesota’s bond needs for over 10 years. We provide bond rates from 1% to 3%. The bond rate you receive is based on your qualifications. More than 99% of our customers qualify for their bond through our streamlined process.

When you apply for your auctioneer bond, we will review your professional credentials, financial assets and credit scores to determine your bond rate. Our surety company works with applicants with most credit scores.

As an example, if you have a 700 credit score or higher, you qualify for a bond rate of 1% to 3%. The cost of a $3,000 auctioneer bond in this case is $100.

Surety Bond Cost Based on Credit Score
Surety Bond Name	Surety Bond Amount	Over 700	Between 600 - 699	Below 599
Minnesota Auctioneer Bond	$3,000	$100	$100 - $150	$150 - $300

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

How to Get a Minnesota Auctioneer Bond

1. Apply For Your Bond

We proudly offer you a fast, hassle-free way to set up your auctioneer bond. Our simple, three-step process begins when you complete the online application.

2. Get Your Bond Quote

You will not wait long to learn about the cost of your auctioneer bond. We promptly review all applications, and many applicants get an immediate bond quote. For applications that are complex and require greater review, a bond quote is available within 48 hours.

Seth, a new customer, needed to meet his county’s bond requirement to become an auctioneer. Within a few minutes, he completed the bond application and got a bond quote from us. After paying the bond premium online, he completed the process and got the auctioneer bond he needed.

3. Buy Your Bond

After reviewing your auctioneer bond quote, the last step in our quick process is to pay the bond premium. You can conveniently make your payment using our online portal. We will then prepare your bond and email it to you. If requested, we can mail your bond as well.

If you have questions about your bond quote or application, we are happy to help. Contact us online or by phone at (877) 514-5146 today for assistance.

Auctioneer Bond Requirements in Minnesota

Under Minn. Stat. § 330.02, an auctioneer is required to provide the county where he or she will work with a corporate surety bond. The bond amount is determined by the county and must be between $1,000 and $3,000. The obligee is determined by the county.

The Minnesota auctioneer bond is continuous and remains in force until it is canceled. The obligee can terminate the bond by giving the obligee a 30-day written notice. If your bond is canceled, you are no longer able to work as an auctioneer until the bond is replaced.

To maintain your auctioneer license, you must maintain the surety bond. The bond premium must be paid each year to maintain the bond. We actively support our customers with this. Prior to the annual due date, we will contact you with updated payment instructions.

How to Get Your Auctioneer License in Minnesota

Under Minn. Stat. § 330.01, each county in Minnesota may issue licenses for auctioneers. Auctioneer licenses are not issued at the state level. While specific licensing requirements vary by county, these are common requirements:

Application
Surety bond
$20 fee

If you need assistance with your Minnesota auctioneer license application or have questions, please contact your county authority.

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Robin Kix

Robin Kix is our Renewal Department Manager. During her 10 years in the surety industry, she helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.

About Us

Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more