Pontiac, MI — Auctioneer Bond
Pontiac separates an auctioneer's license from the license for an auction sale. Its published code assigns a $2,500 bond to the auctioneer's license; match that role before choosing this named offering.
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- Recorded state
- Michigan
- Category
- Business operations & taxes
What this bond does
The auctioneer condition concerns ordinance compliance, true sales accounts and specified wrongful conduct. The sale license has different security based on property values, so the two requests should not be combined by name alone.
- Who needs it
- The applicant for Pontiac's auctioneer license who is matching the City request to the auctioneer condition, rather than assuming the separate sale-license bond is equivalent.
- Who it protects
- Section 26-284 requires true accounts and bars fraud or deceit upon bidders and purchasers. Its condition also addresses damages from fraud, deceit, negligence or other wrongful acts by the licensee, agents or employees in the auction activity.
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
- Pontiac Municipal Code: Chapter26, ArticleIV, Auctions and Auctioneers (opens in a new tab)Checked October 26, 2026
Have these ready
- Separate the auctioneer-license request from any auction-sale license file.
- Have the actual applicant and City's accepted section 26-284 condition.
- Prepare the $2,500 requirement and requested effective dates.
- Confirm execution, approval and delivery with the City administrator.
Questions about this bond
Is this automatically the same as the auction-sale bond?
No equivalence is established by this listing. The code has separate conditions in sections 26-214 and 26-284. Match the actual request before using this auctioneer-named choice.
Who approves the auctioneer bond under the posted code?
Section 26-284 names the mayor or City attorney, with filing through the administrator. Obtain the current accepted wording and delivery instructions for your application.
Does every official or statutory sale fall under these provisions?
The code contains exceptions for specified public or court officers and statutory sales. Do not claim an exception for a private sale without confirming its actual basis with the City.