What Is a Nevada Auctioneer Bond?
Auctioneers in Henderson and Las Vegas, Nevada must file a bond with their local licensing authority. Surety bonds hold auctioneers financially liable for following all licensing laws and regulations, such as:
- Managing auction funds properly
- Delivering goods and funds appropriately
- Conducting auctions according to local and state laws
If auctioneers break the bond terms, the public is protected from financial harm by the surety.
How Much Do Nevada Auctioneer Bonds Cost?
Auctioneers in Henderson, NV need a $20,000 surety bond. With SuretyBonds.com you can get your Henderson auction bond for a flat rate of $175.
In Las Vegas, NV, auctioneers need a $10,000 surety bond which costs $100 for all applicants. Select your bond below to buy now.
How Does a Nevada Auctioneer Bond Work?
Auctioneer surety bonds create a legally-binding contract between three parties:
- Principal: The Nevada auctioneer
- Obligee: The local licensing authority
- Surety: The surety provider
Within this contract, the principal (auctioneer) is responsible for upholding the bond terms to the obligee. If they fail to do so, harmed individuals can file a claim to recover financial damages. The surety guarantees payment for valid claims.
Who Needs an Auctioneer Bond?
Auctioneers who wish to be licensed in the following cities in Nevada must buy a surety bond:
- Henderson
- Las Vegas
If you need a bond not listed here, please call 1 (800) 308-4358 for assistance.
How Do I Get an Auctioneer Bond in Nevada?
You can get your Nevada auctioneer bond in minutes with SuretyBonds.com. Simply select your bond type, enter your information, and check out instantly online.
After purchasing, you’ll receive an email copy of your bond. Then, you must file the bond with your obligee as instructed.
