Virginia auctioneer bonds.
From $100.

The bond every licensed auctioneer files with the Virginia Auctioneers Board. The regulations set a $10,000 minimum — enter that, or a higher amount if a venue or contract requires it. Pricing is 1% of your bond amount, with a $100 minimum; your exact price appears instantly at the application.

✓

Required by the DPOR Auctioneers Board to obtain or renew an auctioneer license

✓

Statutory minimum is $10,000 — under 18VAC25-21, executed by a surety authorized in Virginia

✓

1% of bond amount, $100 min — enter your required bond amount and apply to see your exact price

1% of bond amount$100 minimum appliesNo credit review at the standard amountnot even a soft pull at the standard amountFastinstant underwriting for most

Trusted by industry leaders

How it works

Three steps. One sitting.

No underwriting queue for the standard auctioneer bond — enter your amount, pay, and file with the Auctioneers Board. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount (at least $10,000), and the effective date — that is the entire application.

MOST OFTEN, INSTANTLY

Issued on the spot

No waiting for most applicants — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.

SAME DAY

File with DPOR

Submit the executed bond with your auctioneer license application or renewal. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the auctioneer bond actually covers

Virginia licenses auctioneers through the Department of Professional and Occupational Regulation's Auctioneers Board. Every applicant must submit evidence of a surety bond before the Board will issue or renew a license, under 18VAC25-21 and Va. Code §54.1-602 and §54.1-603.

The board's regulations set the bond at a minimum of $10,000, executed by a surety authorized to do business in the Commonwealth. The bond runs for a two-year term concurrent with the license, and protects parties harmed by an auctioneer's violation of Virginia auction law.

Because the $10,000 figure is a floor, a particular venue, consignment, or contract can call for a higher amount — enter whatever you have been asked for. Pricing is 1% of your bond amount, with a $100 minimum.

Va. Code §54.1-602/603 · 18VAC25-21The Virginia Auctioneers Board, under Va. Code §54.1-602 and §54.1-603 and its regulations at 18VAC25-21, requires every auctioneer applicant to submit evidence of a surety bond of at least $10,000, executed by a surety authorized in the Commonwealth, before a license is issued or renewed. Bonds run for a two-year term concurrent with the license. Confirm the amount your situation requires.

You need this bond if you are

✓

Applying for a Virginia auctioneer license — the bond is filed with your application

✓

Renewing your license and your current bond is expiring or non-renewing

✓

A non-resident auctioneer getting licensed to conduct auctions in Virginia

✓

Asked for more than $10,000 by a venue, consignor, or contract

One application, issued on the spot.

Submit the application with your bond amount (at least $10,000) — the executed bond is generated instantly, ready to file.

Start the application →

FAQ

Common questions.

How much is the Virginia auctioneer bond?Pricing is 1% of your bond amount, with a $100 minimum. The Auctioneers Board requires at least a $10,000 bond. Enter your amount at the application to see your exact price.

What amount do I need?At least $10,000 — that is the statutory minimum under the Auctioneers Board regulations. Some venues, consignors, or contracts ask for more; enter whatever figure you were asked for.

Is there a credit check?The application collects no credit information at the standard amount at all. Most applications approve instantly.

What does the bond protect against?It protects parties harmed by an auctioneer who violates Virginia auction law. If a valid claim is paid, you repay the surety — it is not insurance for you, it is a guarantee that backs your license.

How long does the bond last?Auctioneer bonds run a two-year term concurrent with the license. We send renewal notices 60 and 30 days out, with autopay available, so your license never lapses over a missed email.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Virginia bonds.

Auctioneer bond, issued today.

Priced at 1% of your bond amount ($100 minimum). Enter your amount and file with the Auctioneers Board the same day.

Start application

Your premiumfrom $100

Apply now →