The dynamic electrophoretic mobility of a concentrated dispersion of biocolloids such as cells and microorganisms is modeled theoretically. Here, a biological particle is simulated by a particle, the surface of which contains dissociable functional groups. The results derived provide basic theory for the quantification of the surface properties of a biocolloid through an electroacoustic device, which has the merit of making direct measurement on a concentrated dispersion without dilution. Two key parameters are defined to characterize the phenomenon under consideration: the first, A, is associated with the pH of the dispersion, and the second, B, is associated with the equilibrium constant of the dissociation reaction of the functional group. We show that if A is large and/or B is small, the surface potential is high, and the effect of double-layer polarization becomes significant. In this case the dynamic electrophoretic mobility may have a local maximum and a phase lead as the frequency of the applied electric field varies. Due to the hydrodynamic interaction between neighboring particles, the dynamic electrophoretic mobility decreases with the concentration of dispersion.