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If you are an auctioneer in the State of Maine, you will be required to obtain a Maine Auctioneer Surety Bond in order to become licensed by the state.
The Maine Auctioneer Bond is necessary to protect consumers against damages on the part of the Auctioneer or Auction House. These damages are usually a result of fraud, the deliberate misrepresentation of, or falsification of auctioned goods.
The State of Maine considers an auctioneer a person who is licensed by the Department of Professional and Financial Regulation to conduct, advertise or offer services to conduct auctions of real, personal or mixed property. A license is required to engage in the business of auctioneering.
Bonds Express offers a Maine Auctioneer Bond with a 100% approval rate.
This bond expires every year on 03/31.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Maine Auctioneer Surety Bond holds you accountable for your business decisions.
By possessing a Maine Auctioneer Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.