Are You Up to Date on North Carolina Auctioneer Regulations?
92 Questions
5 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the responsibility of the North Carolina Auctioneers Commission?

  • To settle disputes between parties concerning commissions or pay of assistants
  • To issue licenses to auctioneers and auction firms
  • To ensure compliance with G.S. 85B (correct)
  • To conduct administrative hearings in contested cases

    • What is the location of the administrative offices of the Board?

  • Wilmington, North Carolina
  • Raleigh, North Carolina
  • Fuquay-Varina, North Carolina (correct)
  • Durham, North Carolina

    • What is the definition of 'buyer's premium'?

  • The fee charged by the auctioneer to the seller
  • The minimum bid amount for an auction item
  • The maximum bid amount for an auction item
  • The fee charged by the auctioneer to the buyer (correct)

    • What must an applicant for an auctioneer license submit?

    <p>Completed fingerprint cards</p> Signup and view all the answers

    What must an applicant for an auction firm license submit?

    <p>Certified copies of any applicable Articles of Incorporation, Articles of Organization, Partnership Agreement, or Assumed Name Certificate</p> Signup and view all the answers

    What is the renewal fee for a license that is in good standing?

    <p>It varies depending on the type of license</p> Signup and view all the answers

    What is required for an apprentice auctioneer to conduct an auction?

    <p>Prior written consent from the supervisor</p> Signup and view all the answers

    What happens if an apprentice auctioneer terminates their association with the supervising auctioneer?

    <p>Their license will be placed in an invalid status</p> Signup and view all the answers

    What is the purpose of the auctioneer license examination?

    <p>To test the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter</p> Signup and view all the answers

    What is the jurisdiction of the North Carolina Auctioneers Commission?

    <p>To license auctioneers, apprentice auctioneers, and auction firms</p> Signup and view all the answers

    What is the location of the administrative offices of the Board?

    <p>Fuquay-Varina, North Carolina</p> Signup and view all the answers

    What is the purpose of the auctioneer license examination?

    <p>To test an applicant's knowledge of the auction business</p> Signup and view all the answers

    What must an applicant for an auctioneer license submit?

    <p>Proof of high school diploma or equivalency and applicable fees</p> Signup and view all the answers

    What is required for an apprentice auctioneer to conduct an auction?

    <p>Prior written consent from the supervising auctioneer</p> Signup and view all the answers

    What is the purpose of petitions for declaratory rulings?

    <p>To request a review with the Board staff</p> Signup and view all the answers

    What is the purpose of petitions for rule-making?

    <p>To make rules for the auction profession</p> Signup and view all the answers

    What is the purpose of an apprentice auctioneer's license?

    <p>To learn the auction profession under the supervision of a licensed auctioneer</p> Signup and view all the answers

    What is the purpose of an auction firm license?

    <p>To conduct auctions as a business entity</p> Signup and view all the answers

    What is the purpose of an employee classification form?

    <p>To classify employees as exempt or non-exempt under the Fair Labor Standards Act</p> Signup and view all the answers

    What is the purpose of an extension of time for completing continuing education credits?

    <p>To allow licensees to serve in the Armed Services of the United States</p> Signup and view all the answers

    What is the jurisdiction of the North Carolina Auctioneers Commission?

    <p>To license auctioneers, apprentice auctioneers, and auction firms.</p> Signup and view all the answers

    What is the location of the administrative offices of the Board?

    <p>Fuquay-Varina, North Carolina</p> Signup and view all the answers

    What are the qualifications for an auctioneer license in North Carolina?

    <p>Proof of high school diploma or equivalency and documentation of required auctioneer schooling or apprenticeship experience.</p> Signup and view all the answers

    What must an apprentice auctioneer submit along with their application for a license?

    <p>A written statement of each proposed supervisor's background and experience in the auction profession.</p> Signup and view all the answers

    What must an applicant for an auction firm license submit?

    <p>Certified copies of any applicable Articles of Incorporation, Articles of Organization, Partnership Agreement, or Assumed Name Certificate.</p> Signup and view all the answers

    What is the purpose of the auctioneer license examination?

    <p>To test the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter.</p> Signup and view all the answers

    What happens to an apprentice auctioneer's license if they terminate their association with the supervising auctioneer?

    <p>The license is placed in an invalid status.</p> Signup and view all the answers

    What must an apprentice auctioneer do before conducting or contracting to conduct an auction?

    <p>Obtain written consent from the supervising auctioneer.</p> Signup and view all the answers

    What is required for an auction firm to display for inspection by patrons of the firm?

    <p>The auction firm's license.</p> Signup and view all the answers

    How long in advance must completed applications be received for an auctioneer examination?

    <p>At least 10 days prior to the scheduled examination.</p> Signup and view all the answers

    What is required for an apprentice auctioneer's license to be valid?

    <p>Supervision by a licensed auctioneer approved by the Board.</p> Signup and view all the answers

    What is the purpose of petitions for declaratory rulings?

    <p>To obtain a binding interpretation of the auctioneer law or rules of the Subchapter.</p> Signup and view all the answers

    What is the responsibility of the North Carolina Auctioneers Commission?

    <p>To issue licenses to auctioneers, apprentice auctioneers, and auction firms</p> Signup and view all the answers

    What is the purpose of petitions for rule-making?

    <p>To submit a draft of a proposed rule adoption or amendment and the effect of the proposal on existing rules</p> Signup and view all the answers

    What is the location of the administrative offices of the Board?

    <p>Fuquay-Varina, North Carolina</p> Signup and view all the answers

    What is required for an apprentice auctioneer to conduct an auction?

    <p>Prior written consent from the supervisor and a high school diploma</p> Signup and view all the answers

    What must an applicant for an auction firm license submit?

    <p>A statement of good standing from the licensing board or Commission of each jurisdiction where the applicant firm and any principal and proposed designated person of such firm holds an auctioneer license of any type.</p> Signup and view all the answers

    What is the purpose of the auctioneer license examination?

    <p>To test the applicant's knowledge of the auction business and the rules of the Subchapter</p> Signup and view all the answers

    What is the renewal fee for a license that is in good standing?

    <p>It varies depending on the type of license and whether the applicant has served an apprenticeship</p> Signup and view all the answers

    What is the purpose of petitions for declaratory rulings?

    <p>To seek clarification on how a particular rule or statute applies to a specific situation</p> Signup and view all the answers

    What must an applicant for an auctioneer license submit?

    <p>Documentation of required auctioneer schooling or apprenticeship experience</p> Signup and view all the answers

    What is the jurisdiction of the North Carolina Auctioneers Commission?

    <p>To ensure compliance with G.S. 85B</p> Signup and view all the answers

    What is required for an apprentice auctioneer to conduct an auction?

    <p>Prior written consent from the supervisor and a high school diploma</p> Signup and view all the answers

    What happens if an apprentice auctioneer terminates their association with the supervising auctioneer?

    <p>Their license will be placed in an invalid status</p> Signup and view all the answers

    What is the purpose of the North Carolina Auctioneers Commission?

    <p>To license auctioneers, apprentice auctioneers, and auction firms</p> Signup and view all the answers

    What is the jurisdiction of the North Carolina Auctioneers Commission?

    <p>To regulate the auction industry in North Carolina</p> Signup and view all the answers

    Where are the administrative offices of the North Carolina Auctioneers Commission located?

    <p>Fuquay-Varina, North Carolina</p> Signup and view all the answers

    What is the purpose of petitions for rule-making?

    <p>To submit a draft of the proposed rule adoption or amendment</p> Signup and view all the answers

    What is required for an applicant for an auctioneer license to meet certain qualifications?

    <p>All of the above</p> Signup and view all the answers

    What is the purpose of apprentice auctioneer's license?

    <p>To allow an apprentice auctioneer to conduct an auction without supervision</p> Signup and view all the answers

    What is the renewal fee for a license that is in good standing?

    <p>It varies depending on the type of license and whether the applicant has served an apprenticeship</p> Signup and view all the answers

    What is the purpose of continuing education credits for licensees?

    <p>To renew a license that is in good standing</p> Signup and view all the answers

    What is the purpose of petitions for declaratory rulings?

    <p>To obtain a formal opinion from the Board on the applicability of a statute or rule to a particular set of facts</p> Signup and view all the answers

    What is required for an applicant for an auction firm license to submit?

    <p>All of the above</p> Signup and view all the answers

    What is the purpose of the auctioneer license examination?

    <p>To test the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter</p> Signup and view all the answers

    What is the purpose of administrative hearings in contested cases conducted by the Board or an administrative law judge?

    <p>To determine whether a licensee has violated the auctioneer law or rules of the Subchapter</p> Signup and view all the answers

    What is the purpose of the North Carolina Auctioneers Commission?

    <p>To license auctioneers, apprentice auctioneers, and auction firms</p> Signup and view all the answers

    What is the location of the administrative offices of the Board?

    <p>Fuquay-Varina, North Carolina</p> Signup and view all the answers

    What is the definition of 'minimum bid'?

    <p>The lowest amount a bidder is willing to pay for an item</p> Signup and view all the answers

    What is required for an apprentice auctioneer to conduct an auction?

    <p>Prior written consent from the supervisor</p> Signup and view all the answers

    What is the purpose of petitions for rule-making?

    <p>To propose the adoption or amendment of a rule</p> Signup and view all the answers

    What is the purpose of the auctioneer license examination?

    <p>To test the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter</p> Signup and view all the answers

    What is the renewal fee for a license that is in good standing?

    <p>Varies depending on the type of license and whether the applicant has served an apprenticeship</p> Signup and view all the answers

    What is required for an applicant for an auction firm license to submit?

    <p>A statement of good standing from the licensing board or Commission of each jurisdiction where the applicant firm and any principal and proposed designated person of such firm holds an auctioneer license of any type</p> Signup and view all the answers

    What is the purpose of petitions for declaratory rulings?

    <p>To request an interpretation of the auctioneers law or rules of the Board</p> Signup and view all the answers

    What happens if an apprentice auctioneer terminates their association with the supervising auctioneer?

    <p>The apprentice auctioneer's license is placed in an invalid status</p> Signup and view all the answers

    What is required for an applicant for an auctioneer license to submit?

    <p>A completed application form, fingerprint cards, and applicable fees</p> Signup and view all the answers

    What is the definition of 'buyer's premium'?

    <p>The fee charged by the auction house to the buyer for the privilege of bidding</p> Signup and view all the answers

    What is the purpose of the North Carolina Auctioneers Commission?

    <p>To license auctioneers, apprentice auctioneers, and auction firms, ensuring compliance with G.S. 85B</p> Signup and view all the answers

    What is the location of the administrative offices of the Board?

    <p>Fuquay-Varina, North Carolina</p> Signup and view all the answers

    What is the purpose of a petition for rule-making?

    <p>To submit a draft of the proposed rule adoption or amendment</p> Signup and view all the answers

    What is the purpose of a petition for declaratory ruling?

    <p>To submit a statement of relevant facts</p> Signup and view all the answers

    What is the purpose of an apprentice auctioneer's license?

    <p>To be valid only while supervised by a licensed auctioneer approved by the Board</p> Signup and view all the answers

    What is required of an apprentice auctioneer?

    <p>To notify the Board in writing within 30 days of termination of association with the supervising auctioneer</p> Signup and view all the answers

    What is the purpose of the auctioneer license examination?

    <p>To test the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter</p> Signup and view all the answers

    What must an applicant for an auctioneer license submit?

    <p>Proof of high school diploma or equivalency, an employee classification form, and applicable fees</p> Signup and view all the answers

    What must an applicant for an auction firm license submit?

    <p>A statement of good standing from the licensing board or Commission of each jurisdiction where the applicant firm and any principal and proposed designated person of such firm holds an auctioneer license of any type</p> Signup and view all the answers

    What is the renewal fee for a license that is in good standing?

    <p>It varies depending on the type of license and whether the applicant has served an apprenticeship</p> Signup and view all the answers

    What is the purpose of a petition for extension of time for completing continuing education credits?

    <p>To request an extension of time for completing continuing education credits for licensees serving in the Armed Services of the United States</p> Signup and view all the answers

    What is required of an auction firm?

    <p>To display its license in its premises for inspection by patrons of the firm</p> Signup and view all the answers

    What is the responsibility of the North Carolina Auctioneers Commission?

    <p>To license auctioneers, apprentice auctioneers, and auction firms</p> Signup and view all the answers

    What is the purpose of administrative hearings in contested cases conducted by the Board or an administrative law judge?

    <p>To provide a legal process for resolving disputes related to auctioneers law</p> Signup and view all the answers

    What must an applicant for an auctioneer license submit?

    <p>All of the above</p> Signup and view all the answers

    What must an applicant for an auction firm license submit?

    <p>All of the above</p> Signup and view all the answers

    What is the purpose of petitions for declaratory rulings?

    <p>To provide a legal process for resolving disputes related to auctioneers law</p> Signup and view all the answers

    What is the purpose of petitions for rule-making?

    <p>To propose new rules or amendments to existing rules</p> Signup and view all the answers

    What is the renewal fee for a license that is in good standing?

    <p>Must be submitted with required documents to verify compliance</p> Signup and view all the answers

    What is the purpose of the auctioneer license examination?

    <p>To test the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter</p> Signup and view all the answers

    What must an apprentice auctioneer do before conducting or contracting to conduct an auction?

    <p>Obtain prior written consent from the supervisor</p> Signup and view all the answers

    What must an apprentice auctioneer do if they terminate their association with the supervising auctioneer?

    <p>Notify the Board in writing within 10 days of termination of association with the supervising auctioneer</p> Signup and view all the answers

    What is the purpose of an apprentice auctioneer's license?

    <p>To allow the apprentice to gain experience in the auction profession while supervised by a licensed auctioneer</p> Signup and view all the answers

    What must a licensed auction firm display in its premises for inspection by patrons of the firm?

    <p>License number and expiration date</p> Signup and view all the answers

    Study Notes

    Licensing and Administrative Procedures for Auctioneers in North Carolina

    • The North Carolina Auctioneers Commission is responsible for licensing auctioneers, apprentice auctioneers, and auction firms, ensuring compliance with G.S. 85B.

    • The Board does not have jurisdiction to settle disputes between parties concerning commissions or pay of assistants.

    • The administrative offices of the Board are located in Fuquay-Varina, North Carolina, and office hours are 8:30 a.m. until 5:00 p.m., Monday through Friday, excluding State holidays.

    • Definitions of terms used in this Chapter include "auction house", "auctioneers law", "board", "buyer's premium", "course", "minimum bid", "principal(s)", and "sole proprietor auction business".

    • Administrative hearings in contested cases conducted by the Board or an administrative law judge shall be governed by Article 3A of G.S. 150B and the General Rules of Practice for the Superior and District Courts.

    • Petitions for declaratory rulings shall be submitted to the Board and must include the petitioner's name, address, telephone number, relevant facts, and a statement of whether the petitioner desires to present oral argument.

    • Petitions for rule-making shall be submitted to the Board and must include the petitioner's name, address, telephone number, a draft of the proposed rule adoption or amendment, and the effect of the proposal on existing rules.

    • Each applicant for an auctioneer license, including non-resident reciprocal auctioneers, must make application on a form prescribed by the Board and meet certain qualifications.

    • Applicants for an auctioneer license must submit a color photograph, completed fingerprint cards, proof of high school diploma or equivalency, an employee classification form, applicable fees, and documentation of required auctioneer schooling or apprenticeship experience.

    • Apprentice auctioneer applicants must also submit a written statement of each proposed supervisor's background and experience in the auction profession.

    • Applicants for an auction firm license must be a principal within the firm and must submit a completed application form, fingerprint cards, proof of high school diploma or equivalency, an employee classification form, applicable fees, certified copies of any applicable Articles of Incorporation, Articles of Organization, Partnership Agreement, or Assumed Name Certificate, and a statement of good standing from the licensing board or Commission of each jurisdiction where the applicant firm and any principal and proposed designated person of such firm holds an auctioneer license of any type.

    • Completed applications must be received in the Board office at least seven days prior to a published Board meeting date, or in the case of an application for auctioneer examination, at least 10 days prior to a scheduled examination as published on the Board's website.North Carolina Auctioneer Licensing Board Regulations

    • The North Carolina Auctioneer Licensing Board requires individuals and firms conducting auctions to obtain a license.

    • License fees vary depending on the type of license and whether the applicant has served an apprenticeship.

    • The renewal fee for a license that is in good standing must be submitted with required documents to verify compliance.

    • The Board may grant an extension of time for up to one year for completing continuing education credits for licensees who are serving in the Armed Services of the United States.

    • The auctioneer license examination tests the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter.

    • If an applicant fails to pass the examination, they may request a review with the Board staff, but all examination papers remain the property of the Board.

    • Each individual or firm is issued a non-transferable license number and a pocket card with the licensee's name, license number, and expiration date.

    • An auction firm must display its license in its premises for inspection by patrons of the firm.

    • An apprentice auctioneer's license is valid only while supervised by a licensed auctioneer approved by the Board.

    • The supervising auctioneer must be present at the sale location and supervise the apprentice during bid calling, ensuring compliance with the auctioneer law and rules.

    • Apprentices must not conduct or contract to conduct an auction without prior written consent from the supervisor, and the supervisor must ensure the apprentice has received the necessary training.

    • An apprentice auctioneer must notify the Board in writing within 10 days of termination of association with the supervising auctioneer, and the license will be placed in an invalid status.

    Licensing and Administrative Procedures for Auctioneers in North Carolina

    • The North Carolina Auctioneers Commission is responsible for licensing auctioneers, apprentice auctioneers, and auction firms, ensuring compliance with G.S. 85B.

    • The Board does not have jurisdiction to settle disputes between parties concerning commissions or pay of assistants.

    • The administrative offices of the Board are located in Fuquay-Varina, North Carolina, and office hours are 8:30 a.m. until 5:00 p.m., Monday through Friday, excluding State holidays.

    • Definitions of terms used in this Chapter include "auction house", "auctioneers law", "board", "buyer's premium", "course", "minimum bid", "principal(s)", and "sole proprietor auction business".

    • Administrative hearings in contested cases conducted by the Board or an administrative law judge shall be governed by Article 3A of G.S. 150B and the General Rules of Practice for the Superior and District Courts.

    • Petitions for declaratory rulings shall be submitted to the Board and must include the petitioner's name, address, telephone number, relevant facts, and a statement of whether the petitioner desires to present oral argument.

    • Petitions for rule-making shall be submitted to the Board and must include the petitioner's name, address, telephone number, a draft of the proposed rule adoption or amendment, and the effect of the proposal on existing rules.

    • Each applicant for an auctioneer license, including non-resident reciprocal auctioneers, must make application on a form prescribed by the Board and meet certain qualifications.

    • Applicants for an auctioneer license must submit a color photograph, completed fingerprint cards, proof of high school diploma or equivalency, an employee classification form, applicable fees, and documentation of required auctioneer schooling or apprenticeship experience.

    • Apprentice auctioneer applicants must also submit a written statement of each proposed supervisor's background and experience in the auction profession.

    • Applicants for an auction firm license must be a principal within the firm and must submit a completed application form, fingerprint cards, proof of high school diploma or equivalency, an employee classification form, applicable fees, certified copies of any applicable Articles of Incorporation, Articles of Organization, Partnership Agreement, or Assumed Name Certificate, and a statement of good standing from the licensing board or Commission of each jurisdiction where the applicant firm and any principal and proposed designated person of such firm holds an auctioneer license of any type.

    • Completed applications must be received in the Board office at least seven days prior to a published Board meeting date, or in the case of an application for auctioneer examination, at least 10 days prior to a scheduled examination as published on the Board's website.North Carolina Auctioneer Licensing Board Regulations

    • The North Carolina Auctioneer Licensing Board requires individuals and firms conducting auctions to obtain a license.

    • License fees vary depending on the type of license and whether the applicant has served an apprenticeship.

    • The renewal fee for a license that is in good standing must be submitted with required documents to verify compliance.

    • The Board may grant an extension of time for up to one year for completing continuing education credits for licensees who are serving in the Armed Services of the United States.

    • The auctioneer license examination tests the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter.

    • If an applicant fails to pass the examination, they may request a review with the Board staff, but all examination papers remain the property of the Board.

    • Each individual or firm is issued a non-transferable license number and a pocket card with the licensee's name, license number, and expiration date.

    • An auction firm must display its license in its premises for inspection by patrons of the firm.

    • An apprentice auctioneer's license is valid only while supervised by a licensed auctioneer approved by the Board.

    • The supervising auctioneer must be present at the sale location and supervise the apprentice during bid calling, ensuring compliance with the auctioneer law and rules.

    • Apprentices must not conduct or contract to conduct an auction without prior written consent from the supervisor, and the supervisor must ensure the apprentice has received the necessary training.

    • An apprentice auctioneer must notify the Board in writing within 10 days of termination of association with the supervising auctioneer, and the license will be placed in an invalid status.

    Licensing and Administrative Procedures for Auctioneers in North Carolina

    • The North Carolina Auctioneers Commission is responsible for licensing auctioneers, apprentice auctioneers, and auction firms, ensuring compliance with G.S. 85B.

    • The Board does not have jurisdiction to settle disputes between parties concerning commissions or pay of assistants.

    • The administrative offices of the Board are located in Fuquay-Varina, North Carolina, and office hours are 8:30 a.m. until 5:00 p.m., Monday through Friday, excluding State holidays.

    • Definitions of terms used in this Chapter include "auction house", "auctioneers law", "board", "buyer's premium", "course", "minimum bid", "principal(s)", and "sole proprietor auction business".

    • Administrative hearings in contested cases conducted by the Board or an administrative law judge shall be governed by Article 3A of G.S. 150B and the General Rules of Practice for the Superior and District Courts.

    • Petitions for declaratory rulings shall be submitted to the Board and must include the petitioner's name, address, telephone number, relevant facts, and a statement of whether the petitioner desires to present oral argument.

    • Petitions for rule-making shall be submitted to the Board and must include the petitioner's name, address, telephone number, a draft of the proposed rule adoption or amendment, and the effect of the proposal on existing rules.

    • Each applicant for an auctioneer license, including non-resident reciprocal auctioneers, must make application on a form prescribed by the Board and meet certain qualifications.

    • Applicants for an auctioneer license must submit a color photograph, completed fingerprint cards, proof of high school diploma or equivalency, an employee classification form, applicable fees, and documentation of required auctioneer schooling or apprenticeship experience.

    • Apprentice auctioneer applicants must also submit a written statement of each proposed supervisor's background and experience in the auction profession.

    • Applicants for an auction firm license must be a principal within the firm and must submit a completed application form, fingerprint cards, proof of high school diploma or equivalency, an employee classification form, applicable fees, certified copies of any applicable Articles of Incorporation, Articles of Organization, Partnership Agreement, or Assumed Name Certificate, and a statement of good standing from the licensing board or Commission of each jurisdiction where the applicant firm and any principal and proposed designated person of such firm holds an auctioneer license of any type.

    • Completed applications must be received in the Board office at least seven days prior to a published Board meeting date, or in the case of an application for auctioneer examination, at least 10 days prior to a scheduled examination as published on the Board's website.North Carolina Auctioneer Licensing Board Regulations

    • The North Carolina Auctioneer Licensing Board requires individuals and firms conducting auctions to obtain a license.

    • License fees vary depending on the type of license and whether the applicant has served an apprenticeship.

    • The renewal fee for a license that is in good standing must be submitted with required documents to verify compliance.

    • The Board may grant an extension of time for up to one year for completing continuing education credits for licensees who are serving in the Armed Services of the United States.

    • The auctioneer license examination tests the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter.

    • If an applicant fails to pass the examination, they may request a review with the Board staff, but all examination papers remain the property of the Board.

    • Each individual or firm is issued a non-transferable license number and a pocket card with the licensee's name, license number, and expiration date.

    • An auction firm must display its license in its premises for inspection by patrons of the firm.

    • An apprentice auctioneer's license is valid only while supervised by a licensed auctioneer approved by the Board.

    • The supervising auctioneer must be present at the sale location and supervise the apprentice during bid calling, ensuring compliance with the auctioneer law and rules.

    • Apprentices must not conduct or contract to conduct an auction without prior written consent from the supervisor, and the supervisor must ensure the apprentice has received the necessary training.

    • An apprentice auctioneer must notify the Board in writing within 10 days of termination of association with the supervising auctioneer, and the license will be placed in an invalid status.

    Licensing and Administrative Procedures for Auctioneers in North Carolina

    • The North Carolina Auctioneers Commission is responsible for licensing auctioneers, apprentice auctioneers, and auction firms, ensuring compliance with G.S. 85B.

    • The Board does not have jurisdiction to settle disputes between parties concerning commissions or pay of assistants.

    • The administrative offices of the Board are located in Fuquay-Varina, North Carolina, and office hours are 8:30 a.m. until 5:00 p.m., Monday through Friday, excluding State holidays.

    • Definitions of terms used in this Chapter include "auction house", "auctioneers law", "board", "buyer's premium", "course", "minimum bid", "principal(s)", and "sole proprietor auction business".

    • Administrative hearings in contested cases conducted by the Board or an administrative law judge shall be governed by Article 3A of G.S. 150B and the General Rules of Practice for the Superior and District Courts.

    • Petitions for declaratory rulings shall be submitted to the Board and must include the petitioner's name, address, telephone number, relevant facts, and a statement of whether the petitioner desires to present oral argument.

    • Petitions for rule-making shall be submitted to the Board and must include the petitioner's name, address, telephone number, a draft of the proposed rule adoption or amendment, and the effect of the proposal on existing rules.

    • Each applicant for an auctioneer license, including non-resident reciprocal auctioneers, must make application on a form prescribed by the Board and meet certain qualifications.

    • Applicants for an auctioneer license must submit a color photograph, completed fingerprint cards, proof of high school diploma or equivalency, an employee classification form, applicable fees, and documentation of required auctioneer schooling or apprenticeship experience.

    • Apprentice auctioneer applicants must also submit a written statement of each proposed supervisor's background and experience in the auction profession.

    • Applicants for an auction firm license must be a principal within the firm and must submit a completed application form, fingerprint cards, proof of high school diploma or equivalency, an employee classification form, applicable fees, certified copies of any applicable Articles of Incorporation, Articles of Organization, Partnership Agreement, or Assumed Name Certificate, and a statement of good standing from the licensing board or Commission of each jurisdiction where the applicant firm and any principal and proposed designated person of such firm holds an auctioneer license of any type.

    • Completed applications must be received in the Board office at least seven days prior to a published Board meeting date, or in the case of an application for auctioneer examination, at least 10 days prior to a scheduled examination as published on the Board's website.North Carolina Auctioneer Licensing Board Regulations

    • The North Carolina Auctioneer Licensing Board requires individuals and firms conducting auctions to obtain a license.

    • License fees vary depending on the type of license and whether the applicant has served an apprenticeship.

    • The renewal fee for a license that is in good standing must be submitted with required documents to verify compliance.

    • The Board may grant an extension of time for up to one year for completing continuing education credits for licensees who are serving in the Armed Services of the United States.

    • The auctioneer license examination tests the applicant's knowledge of the auction business, licensing law, and rules of the Subchapter.

    • If an applicant fails to pass the examination, they may request a review with the Board staff, but all examination papers remain the property of the Board.

    • Each individual or firm is issued a non-transferable license number and a pocket card with the licensee's name, license number, and expiration date.

    • An auction firm must display its license in its premises for inspection by patrons of the firm.

    • An apprentice auctioneer's license is valid only while supervised by a licensed auctioneer approved by the Board.

    • The supervising auctioneer must be present at the sale location and supervise the apprentice during bid calling, ensuring compliance with the auctioneer law and rules.

    • Apprentices must not conduct or contract to conduct an auction without prior written consent from the supervisor, and the supervisor must ensure the apprentice has received the necessary training.

    • An apprentice auctioneer must notify the Board in writing within 10 days of termination of association with the supervising auctioneer, and the license will be placed in an invalid status.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge on the licensing and administrative procedures for auctioneers in North Carolina with this quiz! From definitions of terms to application requirements, this quiz will cover all aspects of the North Carolina Auctioneers Commission regulations and the North Carolina Auctioneer Licensing Board regulations. See how well you know the rules and requirements for obtaining and maintaining an auctioneer license in North Carolina.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser