Becoming a credited auctioneer can only happen if a North Dakota auctioneer license bond is secured. Jurisco works with clients throughout North Dakota who seek to be an auctioneer. Surety bond experts are on-hand to answer any questions about a North Dakota auctioneer license bond you want to ask.
Any individual wishing to become an auctioneer or operate an auction house must secure an auctioneer license bond. North Dakota requires this surety bond in an effort to protect against financial harm caused by an unlawful auctioneer. This is not the only requirement to receive a license, however, it is one of mandates checked first when the Public Service Commission reviews the application.
Each North Dakota auctioneer license bond is written in compliance with Public Service Commission SFN 10455 (Rev. 12-99).
Regulating the auctioneer business is a way to protect against unnecessary costs and unethical behavior on the part of the auctioneers. The state mandate has served the residents of North Dakota well as they have a level of recourse readily available to them should it be necessary.
The cost of a North Dakota auctioneer license bond determines on the bond value. The state sets the value at a minimum of $5,000. However, local jurisdictions or court action could change the value either higher or lower. Surety bond experts at Jurisco know the value requirements for every North Dakota city including Fargo, Grand Forks, Jamestown, Bismarck, and Minot.
Securing an auctioneer license bond in North Dakota is a quick process with Jurisco. In the majority of cases, Jurisco is able to offer same-day surety bond service. Contact Jurisco today to learn more about completing a North Dakota auctioneer bond