We are an auction company based in North Carolina and looking to do business in Virginia. I am looking for an estimated cost of the Virginia state required surety bonds for auctioneers and the documentation you would require.
You will need to first provide us who the obligee is and the bond form. We will need to know who has required the bond. This could be for a 1 day sale or a bond that will track your license. The bond rate could $5.00 per $1,000 to $30.00 per 1000, predicated upon the guarantee within the bond.