Ohio — Auction Firm Bond
Prepare the Ohio auction firm's principal and trade name for Form 17. The Department's posted firm statement specifies $50,000, a June 30 expiry field and separate work for the licensee and bonding agent.
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- Recorded state
- Ohio
- Bond type
- Auctioneer / Auction Company Bond
- Category
- Business operations & taxes
What this bond does
Provide the auction-firm security requested by the Ohio Department of Agriculture for the actual firm license file.
- Who needs it
- The auction-firm applicant or licensee coordinating its own signature, the bonding agent and licensing evidence.
- Who it protects
- The form concerns Chapter 4707 compliance and injuries or damage from specified violations by licensees or representatives. It does not guarantee the price realized at auction or replace general business insurance.
Your bond option
This is the option on record for this bond.
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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
- Ohio Department of Agriculture:Auction Firm Bond Statement Form17 (opens in a new tab)Checked October 26, 2026
- Ohio Department of Agriculture:posted digital licensing guide (opens in a new tab)Checked October 26, 2026
Have these ready
- Provide the actual firm principal and business name/style.
- Confirm the required sum and June 30 expiry year.
- Coordinate the licensee's signature and bonding agent's entries.
- Have the power of attorney and current filing instructions.
Questions about this bond
Who signs the principal line?
The posted Form 17 directs the licensee to complete line 4. The bonding agent handles the specified other lines and attaches authority evidence.
Does the form guarantee twelve months from purchase?
No. It has an effective-date field and a June 30 expiry with a year to be entered. Confirm the actual dates; the catalog option has no labeled term.
Does the individual auctioneer's file automatically identify the firm?
No. Match the firm principal and its business name/style to the actual requested instrument and separate licensing file.