Test Your Knowledge

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.