Schools of Auctioneering Course Approval PDF

**SECTION.0500 - SCHOOLS OF AUCTIONEERING** **21 NCAC 04B.0501 APPLICATION FOR COURSE APPROVAL** a. Schools of auctioneering seeking approval of its curriculum and instructors by the Board shall make application on a form prescribed by the Board, which may be obtained from the Board using...

**SECTION.0500 - SCHOOLS OF AUCTIONEERING** **21 NCAC 04B.0501 APPLICATION FOR COURSE APPROVAL** a. Schools of auctioneering seeking approval of its curriculum and instructors by the Board shall make application on a form prescribed by the Board, which may be obtained from the Board using the information in Rule.0102 of this Subchapter. The application form requires: 1. the school name; 2. the name of the school director; 3. the school\'s physical, postal mail, and email addresses; 4. the school\'s website address (if any); 5. the school\'s telephone number(s); 6. the name, education and experience qualifications, and hours to be taught for each instructor; 7. the instructor(s) for, and hours to be taught in each Essential Core Curriculum topic; (8) the instructor(s) for, and hours to be taught in each supplemental Instruction topic; and \(9) the school director\'s signature. b. The school shall notify the Board within 30 days of any change in the information required by the application form set forth in Paragraph (a) of this Rule. This requirement shall continue as long as the school\'s curriculum and instructors remain approved by the Board. *History Note: Authority G.S. 85B-3.1; 85B-4(d);* **21 NCAC 04B.0502 REQUIREMENTS FOR APPROVAL/MINIMUM STANDARDS** \(a) The course curriculum shall contain classroom instruction in the following subjects for the minimum number of hours shown: 1. Essential Core Curriculum (minimum 50 hours): 4 Hours - Advertising and Marketing; 8 Hours - Auctioneers Law and Rules and Regulations; 2 Hours - Uniform Commercial Code and Bulk Transfers; 2 Hours - Drafting and Negotiating Contracts; 2 Hours - Closing Statements and Settlements; 8 Hours - Accounting and Mathematics; 2 Hours - Auctioneering Ethics; 2. Supplemental Instruction Areas (minimum 30 hours): Antiques Heavy Equipment Real Estate Automobiles Technology Cattle and Livestock Environmental Issues Public Speaking Computers Estate Sales Firearms Appraising Foreclosure and Bankruptcy Sales Sales Tax Requirements Art, Rugs, Jewelry Ring Work Body Language Consignment Auctions \(3) Schools that include students that have expressed to the school an interest to become North Carolina applicants shall provide a minimum of 2 hours of instruction on the North Carolina Auctioneers Law and Rules, G.S. 85B and 21 NCAC 04B. This instruction shall be included within the minimum required 8 hours instruction of Auctioneers Law and Rules and Regulations. (b) Students attending an approved course shall attend and complete a minimum of 80 hours of classroom instruction according to the list of subjects and minimum hours of instruction in each subject specified in Paragraph (a) of this Rule. An hour of creditable instruction is defined as 50 minutes of classroom instruction or practical exercise accompanied by a 10 minute break. c. Each school\'s curriculum shall include instruction by a minimum of five different instructors, at least two of whom shall be professional auctioneers. Regardless of the total number of hours taught by any given instructor, no more than 20 hours of an individual\'s instruction may be counted to satisfy the requirements of Paragraph (a) of this Rule. d. The school shall establish standards for all persons who instruct in an approved school with minimum training or experience, or a combination thereof, in the particular field in which they are instructing. e. The instructors shall exhibit truth, honesty, and integrity as set forth in Rule 21 NCAC 04B.0404(a)(15). (f) The school shall provide or make available facilities, equipment, materials, and supplies necessary for the course, including: 1. a climate-controlled classroom with a seating capacity sufficient to accommodate all students; and 2. audio-visual equipment and other instructional devices and aids necessary and beneficial to the delivery of training. *History Note: Authority G.S. 85B-3.1; 85B-4(d);* **21 NCAC 04B.0503 CERTIFICATION OF COURSE COMPLETION** Schools shall furnish each student who completes his or her course a transcript containing the student\'s name, the date the course was completed, and the total number of hours completed by that student. *History Note: Authority G.S. 85B-4(d); Eff. November 1, 1984;* **21 NCAC 04B.0504 RECORDS MUST BE MAINTAINED** Each school shall maintain for five years, and make available upon request of the Board or its staff, records containing the following information: 1. the dates, times of instruction, and location of every course offered; 2. for each student, the names, address(es), and numbers of hours completed; 3. a list of all instructors used by the school, the qualifications of each, and their addresses; and 4. for each course offered, the names of all instructors used, the subject(s) taught, the number of hours that each instructor devoted to each subject, and the dates and times of the instruction. *History Note: Authority G.S. 85B-4(d); Eff. November 1, 1984; Readopted Eff. July 1, 2020.* **21 NCAC 04B.0505 GROUNDS FOR APPROVAL, DENIAL, SUSPENSION, OR REVOCATION** a. The approval of a school\'s curriculum and instructors by the Board shall be valid for a period of two years. Each approval shall be evaluated for reapproval by the Board prior to the expiration of the two-year period. b. The Board may deny, suspend, or revoke the approval of any school\'s curriculum and instructors when it finds that the school has failed to meet or to maintain any requirement of this Section. The Board may deny, suspend, or revoke the approval of any school\'s curriculum and instructors upon a finding that any information required under this Section was falsified or misrepresented. *History Note: Authority G.S. 85B-3(f); 85B-4(d);* **21 NCAC 04B.0506 ALLOWING UNLICENSED BID CALLERS: EXCEPTION** A person enrolled in a class at a school of auctioneering with Board-approved curriculum and instructors may call bids without a license if it is done for the purpose of training and receiving instruction. The bid calling by an unlicensed individual shall be done under the direct supervision of a licensed auctioneer who is also an instructor in the school and who further assumes responsibility for the activities of the student in the matter involving bid calling. *History Note: Authority G.S. 85B-4(d); Eff. November 1, 1984;*