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Questions and Answers

What is the consequence of the Commission paying any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against a licensee?

  • The licensee is given a warning
  • The Commission pays the licensee
  • The licensee's license is automatically suspended (correct)
  • The licensee is fined

    • What is the requirement for an applicant to obtain a reciprocal North Carolina license?

  • The applicant must have minimum training or experience standards acceptable to the Commission (correct)
  • The applicant must have a valid license in North Carolina
  • The applicant must be a resident of North Carolina
  • The applicant must have a valid auctioneer license in another state

    • What records must each licensee maintain for goods sold at auction?

  • No records are required
  • Sales records only
  • Both sales and consignment records (correct)
  • Consignment records only

    • What is the consequence of a licensee who suffers the loss of any commission from any transaction in which they were acting as an auctioneer, apprentice auctioneer, or auction firm?

    <p>The licensee is entitled to make an application for payment from the Fund for the loss</p> Signup and view all the answers

    Who has the power to prosecute violations of the Private Protective Services Act in North Carolina?

    <p>The Attorney General of North Carolina or their designee</p> Signup and view all the answers

    What is the penalty for violating the provisions of the Private Protective Services Act in North Carolina?

    <p>Class 1 misdemeanor charge</p> Signup and view all the answers

    What is the purpose of the Private Protective Services Act in North Carolina?

    <p>To ensure that private investigative and security services are provided by qualified and licensed individuals or entities</p> Signup and view all the answers

    What is the role of the North Carolina Private Protective Services Board in the enforcement of the Private Protective Services Act?

    <p>To oversee the administration and enforcement of the Act</p> Signup and view all the answers

    What is the consequence of a licensee who fails to disburse all funds to the seller on auction day?

    <p>The licensee must maintain a trust or escrow account for all funds received for the benefit of another person and not disbursed to the seller on auction day</p> Signup and view all the answers

    Which of the following is true regarding the suspension of a licensee's auctioneer license in North Carolina?

    <p>The license is suspended if the Commission pays any amount from the Fund in settlement of a claim against the licensee.</p> Signup and view all the answers

    What is the consequence of a licensee failing to comply with the Chapter in North Carolina?

    <p>The aggrieved person will lose their right to compensation.</p> Signup and view all the answers

    What is required for a person who holds a valid auctioneer license in another state to obtain a reciprocal North Carolina license?

    <p>The person must demonstrate that their resident state has acceptable minimum training or experience standards.</p> Signup and view all the answers

    What is required of a licensee in North Carolina regarding consignment records?

    <p>They must include the name and address of the person who employed the licensee to sell the goods at auction and the name and address of the owner of the goods to be sold.</p> Signup and view all the answers

    What is required of a licensee in North Carolina regarding sales records?

    <p>They must include the name and address of the purchaser of all goods sold.</p> Signup and view all the answers

    What is the purpose of the Private Protective Services Act in North Carolina?

    <p>To ensure that private investigative and security services are provided by qualified and licensed individuals or entities.</p> Signup and view all the answers

    Who has the power to prosecute violations of the Private Protective Services Act in North Carolina?

    <p>The North Carolina Attorney General or their designee.</p> Signup and view all the answers

    What is the consequence of a violation of the Private Protective Services Act in North Carolina?

    <p>A Class 1 misdemeanor charge.</p> Signup and view all the answers

    What power does the North Carolina Private Protective Services Board have regarding license revocation?

    <p>They may deny, suspend, or revoke licenses for individuals or entities found to be in violation of the Act.</p> Signup and view all the answers

    Which of the following is a consequence of a licensee failing to comply with the Chapter in North Carolina?

    <p>They will be subject to a civil penalty</p> Signup and view all the answers

    What is required of a licensee in North Carolina regarding consignment records?

    <p>They must enter the name and address of the person who employed them to sell the goods at auction and the name and address of the owner of the goods to be sold</p> Signup and view all the answers

    What is the consequence of the Commission paying any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against a licensee?

    <p>The license of the licensee shall be automatically suspended</p> Signup and view all the answers

    What is the role of the North Carolina Private Protective Services Board in the enforcement of the Private Protective Services Act?

    <p>They oversee the administration and enforcement of the Act</p> Signup and view all the answers

    What is required of a licensee in North Carolina regarding sales records?

    <p>They must maintain sales records that identify the purchaser of all goods sold by name, address, and when possible, telephone number</p> Signup and view all the answers

    What is the consequence of a licensee who suffers the loss of any commission from any transaction in which they were acting as an auctioneer, apprentice auctioneer, or auction firm?

    <p>They will not be entitled to make an application for payment from the Fund for the loss</p> Signup and view all the answers

    What is the consequence of a licensee who fails to disburse all funds to the seller on auction day?

    <p>They must maintain a trust or escrow account and deposit all funds that are received for the benefit of another person and are not disbursed to the seller on auction day</p> Signup and view all the answers

    What is the consequence of a licensee failing to comply with the Chapter in North Carolina?

    <p>They will be subject to a civil penalty</p> Signup and view all the answers

    What is required for a person who holds a valid auctioneer license in another state to obtain a reciprocal North Carolina license?

    <p>The resident state in which the person is licensed must have minimum training or experience standards which are acceptable to the Commission</p> Signup and view all the answers

    What is the consequence of a licensee failing to comply with the Chapter in North Carolina?

    <p>They will be automatically suspended</p> Signup and view all the answers

    What is required for an applicant to obtain a reciprocal North Carolina license?

    <p>They must hold a valid auctioneer license in another state with acceptable training or experience standards</p> Signup and view all the answers

    What is required of a licensee in North Carolina regarding consignment records?

    <p>They must enter the name and address of the owner of the goods to be sold</p> Signup and view all the answers

    What is required of a licensee in North Carolina regarding sales records?

    <p>They must enter the name and address of the purchaser of all goods sold</p> Signup and view all the answers

    What is the consequence of a licensee who fails to disburse all funds to the seller on auction day?

    <p>They must maintain a trust or escrow account</p> Signup and view all the answers

    What is the role of the North Carolina Private Protective Services Board in the enforcement of the Private Protective Services Act?

    <p>They oversee the administration and enforcement of the Act</p> Signup and view all the answers

    What is required of licensees under the Private Protective Services Act in North Carolina?

    <p>They must maintain liability insurance</p> Signup and view all the answers

    What is the consequence for a licensee found to be in violation of the Private Protective Services Act in North Carolina?

    <p>Their license will be suspended or revoked</p> Signup and view all the answers

    What is the purpose of North Carolina's Private Protective Services Act?

    <p>To ensure that private investigative and security services are provided by qualified and licensed individuals or entities</p> Signup and view all the answers

    What is the consequence of a licensee failing to maintain a trust or escrow account for funds received for the benefit of another person and not disbursed to the seller on auction day in North Carolina?

    <p>The licensee will have their license suspended by the Commission.</p> Signup and view all the answers

    What is the consequence of a licensee whose license is automatically suspended by the Commission due to the Commission paying any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against the licensee?

    <p>The licensee's license is suspended until the Commission is repaid.</p> Signup and view all the answers

    What is required for an applicant to obtain a reciprocal North Carolina auctioneer license if the resident state in which the person is licensed has minimum training or experience standards which are acceptable to the Commission?

    <p>The applicant must submit an application and other required documentation.</p> Signup and view all the answers

    What is the consequence of a licensee who does not maintain consignment records for goods received for auction and before sale in North Carolina?

    <p>The licensee will be fined by the Commission.</p> Signup and view all the answers

    What is the role of the North Carolina Private Protective Services Board in the enforcement of the Private Protective Services Act?

    <p>To oversee the administration and enforcement of the Act.</p> Signup and view all the answers

    What is the consequence of a licensee who suffers the loss of any commission from any transaction in which the licensee was acting in the capacity of an auctioneer, apprentice auctioneer, or auction firm in North Carolina?

    <p>The licensee may apply for payment from the Fund for the loss.</p> Signup and view all the answers

    What is the consequence of a licensee who fails to comply with the Chapter in North Carolina?

    <p>The licensee's license will be suspended.</p> Signup and view all the answers

    What is the consequence of a licensee found to be in violation of the Private Protective Services Act in North Carolina?

    <p>The licensee's license will be suspended.</p> Signup and view all the answers

    What is the purpose of the Private Protective Services Act in North Carolina?

    <p>To establish minimum training or experience standards for private investigators and security personnel.</p> Signup and view all the answers

    What is the consequence of a licensee failing to disburse all funds to the seller on auction day?

    <p>They may face a civil penalty</p> Signup and view all the answers

    What is the consequence of the Commission paying any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against a licensee?

    <p>The licensee's license is automatically suspended</p> Signup and view all the answers

    What records must each licensee maintain for goods sold at auction?

    <p>Consignment records</p> Signup and view all the answers

    What is the consequence of a licensee who suffers the loss of any commission from any transaction in which they were acting as an auctioneer, apprentice auctioneer, or auction firm?

    <p>They may apply for payment from the Fund for the loss</p> Signup and view all the answers

    Who has the power to prosecute violations of the Private Protective Services Act in North Carolina?

    <p>The Attorney General of North Carolina</p> Signup and view all the answers

    What is the penalty for violating the provisions of the Private Protective Services Act in North Carolina?

    <p>A Class 1 misdemeanor charge</p> Signup and view all the answers

    What is the role of the North Carolina Private Protective Services Board in the enforcement of the Private Protective Services Act?

    <p>To oversee the administration and enforcement of the Act</p> Signup and view all the answers

    What is required for a person who holds a valid auctioneer license in another state to obtain a reciprocal North Carolina license?

    <p>Acceptable minimum training or experience standards in the resident state</p> Signup and view all the answers

    What is the purpose of the Private Protective Services Act in North Carolina?

    <p>To ensure that private investigative and security services are provided by qualified and licensed individuals or entities</p> Signup and view all the answers

    What is the consequence for a licensee who fails to disburse all funds to the seller on auction day in North Carolina?

    <p>The licensee may be required to pay a fine.</p> Signup and view all the answers

    What is required of each licensee in North Carolina regarding consignment records?

    <p>They must enter the name and address of the person who employed them to sell the goods at auction and the name and address of the owner of the goods to be sold.</p> Signup and view all the answers

    What is the consequence of a licensee who suffers the loss of any commission from any transaction in which they were acting as an auctioneer, apprentice auctioneer, or auction firm in North Carolina?

    <p>They are not entitled to make an application for payment from the Fund for the loss.</p> Signup and view all the answers

    What is required of each licensee in North Carolina regarding sales records?

    <p>They must maintain sales records that identify the purchaser of all goods sold by name, address, and when possible, telephone number.</p> Signup and view all the answers

    What is the consequence of a licensee failing to comply with the Chapter in North Carolina?

    <p>Failure to comply constitutes a waiver of any rights under the Chapter.</p> Signup and view all the answers

    What is required for an applicant to obtain a reciprocal North Carolina auctioneer license?

    <p>The resident state must have minimum training or experience standards acceptable to the Commission.</p> Signup and view all the answers

    What is the consequence of the Commission paying any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against a licensee in North Carolina?

    <p>The license of the licensee will be automatically suspended.</p> Signup and view all the answers

    What is the role of the North Carolina Private Protective Services Board in the enforcement of the Private Protective Services Act?

    <p>The Board oversees the administration and enforcement of the Act and has the power to investigate potential violations of the Act.</p> Signup and view all the answers

    What is the purpose of the Private Protective Services Act in North Carolina?

    <p>To ensure that private investigative and security services are provided by qualified and licensed individuals or entities.</p> Signup and view all the answers

    What is the consequence of a licensee who does not disburse all funds to the seller on auction day in North Carolina?

    <p>The licensee may be required to maintain a trust or escrow account</p> Signup and view all the answers

    What is the consequence of the Commission paying any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against a licensee in North Carolina?

    <p>The licensee's license will be automatically suspended</p> Signup and view all the answers

    What is the requirement for an applicant to obtain a reciprocal North Carolina license as an auctioneer?

    <p>The resident state must have minimum training or experience standards acceptable to the Commission</p> Signup and view all the answers

    What records must each licensee maintain for goods sold at auction in North Carolina?

    <p>Sales and consignment records</p> Signup and view all the answers

    What is the consequence of a licensee who suffers the loss of any commission from any transaction in which they were acting as an auctioneer, apprentice auctioneer, or auction firm in North Carolina?

    <p>The licensee will not be entitled to make an application for payment from the Fund for the loss.</p> Signup and view all the answers

    What is the consequence of a licensee failing to comply with the Chapter in North Carolina?

    <p>The aggrieved person will waive any rights hereunder.</p> Signup and view all the answers

    Who may prosecute violations of the Private Protective Services Act in North Carolina?

    <p>The Attorney General of North Carolina or their designee</p> Signup and view all the answers

    What is the penalty for violating the provisions of the Private Protective Services Act in North Carolina?

    <p>A Class 1 misdemeanor charge</p> Signup and view all the answers

    What is the purpose of the Private Protective Services Act in North Carolina?

    <p>To ensure that private investigative and security services are provided by qualified and licensed individuals or entities</p> Signup and view all the answers

    What is the consequence for a licensee who fails to comply with the Chapter in North Carolina?

    <p>They will lose their license</p> Signup and view all the answers

    What is the consequence of the Commission paying any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against a licensee?

    <p>The licensee's license will be automatically suspended</p> Signup and view all the answers

    What is required of a licensee in North Carolina regarding consignment records?

    <p>They must include the name and address of the owner of the goods to be sold</p> Signup and view all the answers

    What is required of a licensee in North Carolina regarding sales records?

    <p>They must include the name and address of the purchaser</p> Signup and view all the answers

    What is the consequence of a licensee who suffers the loss of any commission from any transaction in which they were acting as an auctioneer, apprentice auctioneer, or auction firm?

    <p>They will not be entitled to make an application for payment from the Fund for the loss</p> Signup and view all the answers

    What is the consequence of violating the provisions of the Private Protective Services Act in North Carolina?

    <p>A Class 1 misdemeanor charge</p> Signup and view all the answers

    Who has the power to investigate potential violations of the Private Protective Services Act in North Carolina?

    <p>The North Carolina Private Protective Services Board</p> Signup and view all the answers

    What is required for a person who holds a valid auctioneer license in another state to obtain a reciprocal North Carolina license?

    <p>The resident state must have minimum training or experience standards acceptable to the Commission</p> Signup and view all the answers

    What is the purpose of the Private Protective Services Act in North Carolina?

    <p>To protect the public by ensuring that private investigative and security services are provided by qualified and licensed individuals or entities</p> Signup and view all the answers

    Study Notes

    North Carolina Auctioneer Licensing Laws

    • License of a licensee shall be automatically suspended if the Commission pays any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against the licensee.

    • The Commission shall be subrogated to all of the rights of the judgment creditor to the extent of the amount paid from the Fund.

    • Failure of an aggrieved person to comply with the Chapter shall constitute a waiver of any rights hereunder.

    • No licensee who suffers the loss of any commission from any transaction in which the licensee was acting in the capacity of an auctioneer, apprentice auctioneer, or auction firm shall be entitled to make an application for payment from the Fund for the loss.

    • The repayment in full of all obligations to the Fund by any licensee shall not nullify or modify the effect of any other disciplinary proceeding brought under this Chapter.

    • A person who holds a valid auctioneer license in another state may apply for and be granted a reciprocal North Carolina license if the resident state in which the person is licensed has minimum training or experience standards which are acceptable to the Commission.

    • An applicant under this section shall submit an application and other documentation and proof of eligibility for licensure as may be required by the Commission.

    • Each licensee shall maintain consignment records and enter in them, upon receipt of goods for auction and before sale, the name and address of the person who employed the licensee to sell the goods at auction and the name and address of the owner of the goods to be sold.

    • Each licensee shall maintain sales records, which identify the purchaser of all goods sold by name, address, and when possible, telephone number.

    • Each licensee who does not disburse all funds to the seller on auction day shall maintain a trust or escrow account and shall deposit in the account all funds that are received for the benefit of another person and are not disbursed to the seller on auction day.

    • No local government or agency of local government may charge any fees or require any licenses for auctioneers, apprentice auctioneers, or auction firms in addition to those set out in this Chapter.

    • The Commission may impose a civil penalty on any licensee, suspend or revoke any license issued under the provisions of this Chapter, or reprimand or censure any licensee.Penalties and Enforcement under North Carolina's Private Protective Services Act

    • The Private Protective Services Act in North Carolina prohibits unlicensed individuals or entities from providing private investigative or security services.

    • Violations of the Act's provisions can result in a Class 1 misdemeanor charge.

    • The Attorney General of North Carolina or their designee has the power to prosecute violations of the Act.

    • The North Carolina Private Protective Services Board oversees the administration and enforcement of the Act.

    • The Board has the power to investigate potential violations of the Act and may seek injunctive relief to prevent or restrain violations.

    • The Board may also employ an attorney to assist in the enforcement of specific matters.

    • The Board may deny, suspend, or revoke licenses for individuals or entities found to be in violation of the Act.

    • During a period of denial, suspension, or revocation, no firm, partnership, or corporation in which a person with substantial interest or management responsibility or control may be licensed.

    • The Board may issue civil penalties to individuals or entities found to be in violation of the Act.

    • The Board may require licensees to maintain liability insurance.

    • The Board may also establish rules and regulations for the administration and enforcement of the Act.

    • The Private Protective Services Act aims to protect the public by ensuring that private investigative and security services are provided by qualified and licensed individuals or entities.

    North Carolina Auctioneer Licensing Laws

    • License of a licensee shall be automatically suspended if the Commission pays any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against the licensee.

    • The Commission shall be subrogated to all of the rights of the judgment creditor to the extent of the amount paid from the Fund.

    • Failure of an aggrieved person to comply with the Chapter shall constitute a waiver of any rights hereunder.

    • No licensee who suffers the loss of any commission from any transaction in which the licensee was acting in the capacity of an auctioneer, apprentice auctioneer, or auction firm shall be entitled to make an application for payment from the Fund for the loss.

    • The repayment in full of all obligations to the Fund by any licensee shall not nullify or modify the effect of any other disciplinary proceeding brought under this Chapter.

    • A person who holds a valid auctioneer license in another state may apply for and be granted a reciprocal North Carolina license if the resident state in which the person is licensed has minimum training or experience standards which are acceptable to the Commission.

    • An applicant under this section shall submit an application and other documentation and proof of eligibility for licensure as may be required by the Commission.

    • Each licensee shall maintain consignment records and enter in them, upon receipt of goods for auction and before sale, the name and address of the person who employed the licensee to sell the goods at auction and the name and address of the owner of the goods to be sold.

    • Each licensee shall maintain sales records, which identify the purchaser of all goods sold by name, address, and when possible, telephone number.

    • Each licensee who does not disburse all funds to the seller on auction day shall maintain a trust or escrow account and shall deposit in the account all funds that are received for the benefit of another person and are not disbursed to the seller on auction day.

    • No local government or agency of local government may charge any fees or require any licenses for auctioneers, apprentice auctioneers, or auction firms in addition to those set out in this Chapter.

    • The Commission may impose a civil penalty on any licensee, suspend or revoke any license issued under the provisions of this Chapter, or reprimand or censure any licensee.Penalties and Enforcement under North Carolina's Private Protective Services Act

    • The Private Protective Services Act in North Carolina prohibits unlicensed individuals or entities from providing private investigative or security services.

    • Violations of the Act's provisions can result in a Class 1 misdemeanor charge.

    • The Attorney General of North Carolina or their designee has the power to prosecute violations of the Act.

    • The North Carolina Private Protective Services Board oversees the administration and enforcement of the Act.

    • The Board has the power to investigate potential violations of the Act and may seek injunctive relief to prevent or restrain violations.

    • The Board may also employ an attorney to assist in the enforcement of specific matters.

    • The Board may deny, suspend, or revoke licenses for individuals or entities found to be in violation of the Act.

    • During a period of denial, suspension, or revocation, no firm, partnership, or corporation in which a person with substantial interest or management responsibility or control may be licensed.

    • The Board may issue civil penalties to individuals or entities found to be in violation of the Act.

    • The Board may require licensees to maintain liability insurance.

    • The Board may also establish rules and regulations for the administration and enforcement of the Act.

    • The Private Protective Services Act aims to protect the public by ensuring that private investigative and security services are provided by qualified and licensed individuals or entities.

    North Carolina Auctioneer Licensing Laws

    • License of a licensee shall be automatically suspended if the Commission pays any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against the licensee.

    • The Commission shall be subrogated to all of the rights of the judgment creditor to the extent of the amount paid from the Fund.

    • Failure of an aggrieved person to comply with the Chapter shall constitute a waiver of any rights hereunder.

    • No licensee who suffers the loss of any commission from any transaction in which the licensee was acting in the capacity of an auctioneer, apprentice auctioneer, or auction firm shall be entitled to make an application for payment from the Fund for the loss.

    • The repayment in full of all obligations to the Fund by any licensee shall not nullify or modify the effect of any other disciplinary proceeding brought under this Chapter.

    • A person who holds a valid auctioneer license in another state may apply for and be granted a reciprocal North Carolina license if the resident state in which the person is licensed has minimum training or experience standards which are acceptable to the Commission.

    • An applicant under this section shall submit an application and other documentation and proof of eligibility for licensure as may be required by the Commission.

    • Each licensee shall maintain consignment records and enter in them, upon receipt of goods for auction and before sale, the name and address of the person who employed the licensee to sell the goods at auction and the name and address of the owner of the goods to be sold.

    • Each licensee shall maintain sales records, which identify the purchaser of all goods sold by name, address, and when possible, telephone number.

    • Each licensee who does not disburse all funds to the seller on auction day shall maintain a trust or escrow account and shall deposit in the account all funds that are received for the benefit of another person and are not disbursed to the seller on auction day.

    • No local government or agency of local government may charge any fees or require any licenses for auctioneers, apprentice auctioneers, or auction firms in addition to those set out in this Chapter.

    • The Commission may impose a civil penalty on any licensee, suspend or revoke any license issued under the provisions of this Chapter, or reprimand or censure any licensee.Penalties and Enforcement under North Carolina's Private Protective Services Act

    • The Private Protective Services Act in North Carolina prohibits unlicensed individuals or entities from providing private investigative or security services.

    • Violations of the Act's provisions can result in a Class 1 misdemeanor charge.

    • The Attorney General of North Carolina or their designee has the power to prosecute violations of the Act.

    • The North Carolina Private Protective Services Board oversees the administration and enforcement of the Act.

    • The Board has the power to investigate potential violations of the Act and may seek injunctive relief to prevent or restrain violations.

    • The Board may also employ an attorney to assist in the enforcement of specific matters.

    • The Board may deny, suspend, or revoke licenses for individuals or entities found to be in violation of the Act.

    • During a period of denial, suspension, or revocation, no firm, partnership, or corporation in which a person with substantial interest or management responsibility or control may be licensed.

    • The Board may issue civil penalties to individuals or entities found to be in violation of the Act.

    • The Board may require licensees to maintain liability insurance.

    • The Board may also establish rules and regulations for the administration and enforcement of the Act.

    • The Private Protective Services Act aims to protect the public by ensuring that private investigative and security services are provided by qualified and licensed individuals or entities.

    North Carolina Auctioneer Licensing Laws

    • License of a licensee shall be automatically suspended if the Commission pays any amount from the Fund in settlement of a claim or toward satisfaction of a judgment against the licensee.

    • The Commission shall be subrogated to all of the rights of the judgment creditor to the extent of the amount paid from the Fund.

    • Failure of an aggrieved person to comply with the Chapter shall constitute a waiver of any rights hereunder.

    • No licensee who suffers the loss of any commission from any transaction in which the licensee was acting in the capacity of an auctioneer, apprentice auctioneer, or auction firm shall be entitled to make an application for payment from the Fund for the loss.

    • The repayment in full of all obligations to the Fund by any licensee shall not nullify or modify the effect of any other disciplinary proceeding brought under this Chapter.

    • A person who holds a valid auctioneer license in another state may apply for and be granted a reciprocal North Carolina license if the resident state in which the person is licensed has minimum training or experience standards which are acceptable to the Commission.

    • An applicant under this section shall submit an application and other documentation and proof of eligibility for licensure as may be required by the Commission.

    • Each licensee shall maintain consignment records and enter in them, upon receipt of goods for auction and before sale, the name and address of the person who employed the licensee to sell the goods at auction and the name and address of the owner of the goods to be sold.

    • Each licensee shall maintain sales records, which identify the purchaser of all goods sold by name, address, and when possible, telephone number.

    • Each licensee who does not disburse all funds to the seller on auction day shall maintain a trust or escrow account and shall deposit in the account all funds that are received for the benefit of another person and are not disbursed to the seller on auction day.

    • No local government or agency of local government may charge any fees or require any licenses for auctioneers, apprentice auctioneers, or auction firms in addition to those set out in this Chapter.

    • The Commission may impose a civil penalty on any licensee, suspend or revoke any license issued under the provisions of this Chapter, or reprimand or censure any licensee.Penalties and Enforcement under North Carolina's Private Protective Services Act

    • The Private Protective Services Act in North Carolina prohibits unlicensed individuals or entities from providing private investigative or security services.

    • Violations of the Act's provisions can result in a Class 1 misdemeanor charge.

    • The Attorney General of North Carolina or their designee has the power to prosecute violations of the Act.

    • The North Carolina Private Protective Services Board oversees the administration and enforcement of the Act.

    • The Board has the power to investigate potential violations of the Act and may seek injunctive relief to prevent or restrain violations.

    • The Board may also employ an attorney to assist in the enforcement of specific matters.

    • The Board may deny, suspend, or revoke licenses for individuals or entities found to be in violation of the Act.

    • During a period of denial, suspension, or revocation, no firm, partnership, or corporation in which a person with substantial interest or management responsibility or control may be licensed.

    • The Board may issue civil penalties to individuals or entities found to be in violation of the Act.

    • The Board may require licensees to maintain liability insurance.

    • The Board may also establish rules and regulations for the administration and enforcement of the Act.

    • The Private Protective Services Act aims to protect the public by ensuring that private investigative and security services are provided by qualified and licensed individuals or entities.

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    Do you know the ins and outs of North Carolina's auctioneer licensing laws and the penalties for violating them? Or are you familiar with the North Carolina Private Protective Services Act and the consequences of providing unlicensed private investigative or security services? Take these quizzes to test your knowledge and learn more about these important regulations in North Carolina.

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