Ohio — Auctioneer Bond
Match Ohio's individual auctioneer bond statement to the actual license file, rather than using the separate auction-firm form.
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- Recorded state
- Ohio
- Category
- Business operations & taxes
What this bond does
The Department of Agriculture's published Auctioneer Bond Statement names $25,000 payable to the State of Ohio, binding the principal and surety to the Ohio Department of Agriculture. Use the actual Department request to establish whether and when this security is required for your file.
- Who needs it
- The individual auctioneer asked to furnish Ohio licensing security, including someone checking the proper signed statement for a new or renewal file. A firm request is a separate role, not an automatic extension of the individual's bond.
- Who it protects
- The form conditions security on Chapter 4707 and lawful Department orders and regulations. It provides for Department action and injuries or damages caused by licensees' or representatives' violations of those requirements—not general business-loss 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: Auctioneer Bond Statement page (opens in a new tab)Checked October 26, 2026
- Ohio Department of Agriculture: actual individual Auctioneer Bond Statement (opens in a new tab)Checked October 26, 2026
Have these ready
- Identify the individual auctioneer and actual Department security request.
- Use the individual Auctioneer Bond Statement, not the firm statement.
- Check the principal's line 4 signature and the surety/agent's required lines.
- Attach power of attorney and verify the effective date and June 30 year.
- Follow the Department's actual filing and licensing instructions.
Questions about this bond
Can I use the auction-firm statement instead?
Do not assume it fits the individual's file. Ohio publishes a distinct Auctioneer Bond Statement naming $25,000; match the requested role, principal and instrument rather than substituting a firm form.
Who signs line 4?
The posted statement assigns line 4 to the licensee. The bonding agent completes the other listed lines and attaches power of attorney. Check both parts before filing.
Does the June 30 line mean a full year from purchase?
No. It specifies the form's expiration date, with the year completed for the actual file. Confirm current dates and whether a bond is required rather than assuming a new twelve-month term or a fresh instrument for every renewal.