Pennsylvania — Auctioneer's Bond
Use Pennsylvania's personal auctioneer bond for the named license applicant, rather than substituting an auction company's separate security.
Also known as Pennsylvania Auctioneer's Bonds
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- Recorded state
- Pennsylvania
- Bond type
- Auctioneer Bond
- Category
- Business operations & taxes
What this bond does
The State Board of Auctioneer Examiners lists separate personal and corporate bond forms. Its personal form names an individual applicant and a $5,000 undertaking to the Commonwealth under the Auctioneer Licensing and Trading Assistant Registration Act.
- Who needs it
- An auctioneer preparing personal license security. The Board also lists the personal form for apprentices and trading assistants, but those roles and their application requirements remain distinct.
- Who it protects
- The form requires observance of applicable laws and rules and provides for enforcement by the Commonwealth and persons with a cause of action under the Act. It does not insure the auctioneer's own stock, proceeds or business income.
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
- Pennsylvania State Board of Auctioneer Examiners: personal bond form (opens in a new tab)Checked October 26, 2026
- Pennsylvania Board resources: personal versus corporate forms and change requests (opens in a new tab)Checked October 26, 2026
Have these ready
- Use the individual applicant's legal name and current license category.
- Obtain the Board's personal-coverage form and application directions.
- Keep any company-license security in its own file.
- Check the applicant/witness execution and certified power-of-attorney dates.
- For a name or address change, check the Board's rider, endorsement or replacement-bond instructions.
Questions about this bond
Can I use my auction company's bond instead?
Do not assume so. The Board publishes separate personal and corporate forms, and the personal form identifies an individual principal. Match the actual license request before selecting an instrument.
Does the personal form end automatically with a fixed purchase period?
The posted form says it continues until written cancellation notification by the surety. Check the actual issued dates and the Board's current renewal directions; this catalog choice does not display a selectable term.
Is the attorney-in-fact's signature alone enough?
The posted form also requires a certified copy of the power of attorney and matching certification/execution dates. Review the full execution package before filing, including the individual and witness portions.