The Secretary of State of California requires that all Auction Companies execute a California Auctioneer Bond to ensure compliance with Section 1812.600 of the Civil Code.
Bonds Express offers a California Auctioneer Surety Bond with a 99% approval rate.
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 California Auctioneer Surety Bond holds you accountable for your business decisions.
By possessing a California Auctioneer Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.