All the auctioneers and dealers who conduct trade-related work within the state have to hold Wyoming Auction License. The permit assures that your business is functioning legally. Of course, you must meet a number of conditions such as posting a bond as a guarantee.
First of all, you need to determine what type of permit you want. The Department of Transportation (DOT) regulates the process. You can obtain one of the following licenses:
Anyone interested in selling more than 3 autos in a year should have a permit. To be eligible for the latter, you are to meet the following conditions:
In general, the latter will take at least 30 days to complete. That’s why it’ll be better to plan it ahead of time. Note that most of the time the state requires holding a business permit as well to operate on your own.
To begin the licensing process, you need to fill in the application. You must obtain additional documentation from the authorized authorities. The following are some of them:
Another important aspect is that you need to provide fair information. The request will be rejected if the information is incorrect or insufficient. Once you have completed the application, and have the necessary documents, send the package to WYDOT:
ATTN: Motor Vehicle Services
5300 Bishop Blvd.
Cheyenne, WY 82009-3340
The department will not issue a certificate until the criminal history record information has been received, evaluated, and the request has been approved.
You must also ensure that you meet the location requirements to get the permit. The business should be located in a permanent building.
The location can comply with various commands depending on the type of certificate. The first requirement is to match the conditions of the office with the one presented in the document. Secondly, there should be enough space to display at least 5 or more autos. Thirdly, a phone number is a must. However, it only refers to those who sell more than 12 cars annually.
From the road, a sign stating the nature of the company should be clearly seen. Moreover, you are to submit photos showing the building, sign, and display area with your application. The person should occupy the territory continuously. Last but not the least, if the property is leased or rented, provide a formal agreement.
The licensing fees that you have to cover are:
You have to renew your Wyoming auction permit annually. Besides the license, you also need to renew the surety bond.