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Army Veteran Owned | Expert Surety Bonds Since 2004
Have a question? +1 815-826-6324 (815-8-BondAI) phil@AmericasSuretyBonds.com
Army Veteran Owned | Expert Surety Bonds Since 2004
An auctioneer's personal license and bond do not license the business. If the auctions run through an LLC, corporation or partnership, that entity needs its own auction company license and its own $5,000 bond before it operates. We write it on the Board's corporate bond form so it is ready for the PALS application.
Every legally recognized entity in Pennsylvania must obtain an auction company license from the State Board of Auctioneer Examiners before operating as an auction company, and Section 7 of the Auctioneer Licensing and Trading Assistant Registration Act bars the license until the applicant files an approved $5,000 bond payable to the Commonwealth. 49 Pa. Code 1.26 repeats the $5,000 bond as part of the auction company application. The company must also designate a licensed auctioneer as its auctioneer of record.
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Section 3 of the Auctioneer Licensing and Trading Assistant Registration Act requires every legally recognized entity to obtain an auction company license from the State Board of Auctioneer Examiners before operating as an auction company. Each licensed auction company must designate an individual licensed auctioneer as its auctioneer of record. That person carries principal responsibility for the conduct of the company's auctions, although other licensed auctioneers may assist and the auctioneer of record does not have to attend every auction. The auctioneer's personal license and bond do not stand in for the company's.
Section 7 says no license, including a special license, or registration shall be granted until the applicant has filed with the Board an approved bond payable to the Commonwealth in the amount of $5,000. 49 Pa. Code 1.26 lists the same $5,000 bond, along with the Board's application and fee, as what an auction company applicant must submit. The amount is flat. The bond must be executed by a surety company authorized to do business in Pennsylvania, it is for the use of the Commonwealth and of any person who may have a cause of action against the licensee, and no licensee may engage in the business without an active bond.
The Board's corporate bond form for licensed auction companies and trading assistant companies is dated 9/22/2026. It is signed by an owner, officer, partner or member with a witness, carries the surety's seal, and must have a certified copy of the attorney in fact's power of attorney attached. Under the form, the full $5,000 becomes due if the license is revoked, the bond is forfeited or a judgment is entered against the licensee for violating the act or Board regulations.
Section 3.1 exempts a specified single sale per year by an owner not in the business of selling the property, charity sales where the person conducting the sale is not paid, sales by a person appointed by court order, estate sales conducted by the executor or administrator, sales by or under a public authority, and sales required by law to be at auction.
Under the act, an auction house license that existed on the effective date of the current auction house provision stays in force until it expires and is not subject to renewal.
All licenses expire on the last day of February of each odd year, for a maximum term of two years. Under 49 Pa. Code 1.41 the auction company application fee is $135, rising to $150 on July 1, 2027, and the biennial renewal fee is $475 for the period ending February 28, 2027, then $500. Applications and renewals go through PALS.
Yes, if the auctions are run by a legally recognized entity. Section 3 requires the entity to hold an auction company license, and Section 7 requires a $5,000 bond before any license is granted. The company files its bond on the Board's corporate form.
An individual licensed as an auctioneer under the act. The company names that person on its application. The auctioneer of record has principal responsibility for how the company's auctions are conducted but does not have to attend each one.
Yes. Section 7 says no license, including a special license, shall be granted until the $5,000 bond is filed. The Board offers a separate Auction Company Special License Application in PALS.
Section 3.1 exempts one specified sale per year by an owner who is not in the business of selling that property, unpaid charity sales, court appointed sales, estate sales by the executor or administrator, sales by a public authority, and sales required by law to be at auction.
Every license expires on the last day of February of each odd year. The Board's fee schedule lists a $475 auction company renewal for the period ending February 28, 2027, rising to $500 after that.
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