Securing a California auctioneer license bond is part of meeting all state compliance to become an auction house or auctioneer. It is up to the individual and/or auction house to follow and understand all regulations. Jurisco works with clients across California including Oakland, San Diego, Los Angeles, Anaheim, San Jose, and San Francisco.
California requires an auctioneer license bond in order for an individual or company to satisfy auction licensing regulations. The state doesn’t enforce this regulation because it enjoys paperwork. Instead, this surety bond is used as a form of protection against misuse or unlawful harm on behalf of the auctioneer or auction house.
People and estates can be put in a precarious situation when involved in an auction. There is a great deal of trust placed on the auction house and auctioneer. Rigging sales, charging unnecessary expenses, and withholding funds have far extending consequences. That’s why California’s Secretary of State continues to require an auctioneer bond
To comply with California Civil Code Section 1812.600 the auctioneer bond must be set for at least a 24 month period and at a value of $20,000. Local jurisdictions and special state statute could require both the period of coverage and value to change. The surety bond experts at Jurisco help clients quickly secure a California auctioneer license bond fast and at a low cost.
Working with bond professionals at Jurisco relieves the stress of securing an auction bond. Both auctioneers and auction houses can meet the state requirements faster when they work with a reputable surety bond company.
Failure to secure a bond comes with a hefty fine, as well as the possibility of facing legal action. Avoid the headaches and contact Jurisco for a California auctioneer bond today.