Minnesota — Auctioneer Bond
Get the licensing county's treasurer to fix the required security amount before applying for a Minnesota auctioneer bond.
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- Recorded state
- Minnesota
- Category
- Business operations & taxes
What this bond does
Minnesota's posted section 330.02 requires corporate surety security to the county before an auctioneer makes sales. The county treasurer fixes the penal sum within the statutory $1,000–$3,000 range, approves the surety, endorses the bond and files it in the treasurer's office.
- Who needs it
- An auctioneer coordinating the county license and security file. Section 330.01 describes a county-auditor license authorizing the natural-person licensee to conduct auctioneer business in Minnesota; it does not license the auction company as a corporation or partnership.
- Who it protects
- The statutory condition is that the auctioneer pay sums required by law and conform to laws relating to auctioneers. It is not insurance reimbursing the auctioneer for unsold goods or ordinary business losses.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Minnesota Revisor: section 330.01, auctioneer licenses (opens in a new tab)Checked October 26, 2026
- Minnesota Revisor: section 330.02, bond (opens in a new tab)Checked October 26, 2026
Have these ready
- Identify the county handling the applicant's license.
- Confirm the natural-person applicant and applicable eligibility directions.
- Obtain the treasurer's fixed amount and accepted form.
- Coordinate license and issued-bond dates without assuming an unlabeled provider term.
- Arrange surety approval, endorsement and filing with the treasurer.
Questions about this bond
Should I automatically request a $1,000 bond?
No. Section 330.02 gives the county treasurer authority to fix the sum between $1,000 and $3,000. Use the actual county requirement rather than treating the lower end as universal.
Is the county auditor also the bond-approval office?
The posted provisions assign license issuance to the auditor and security approval, endorsement and filing to the treasurer. Coordinate both parts of the actual county file.
Does the license belong to my auction company?
Section 330.01 describes licenses for natural persons and excludes licensing partnerships, associations or corporations as auctioneers. It separately addresses licensed people operating through those organizations; do not substitute the entity's name for the individual without the county's instructions.