812 Ind. Admin. Code 2-6-1
Current through December 4, 2024
Authority: IC 25-6.1-2-5
Affected: IC 25-6.1
Sec. 1.
A minimum of eighty (80) hours must be accrued by approved auctioneer course providers subject to the following requirements:
80 Hour Course Requirement Breakdown
| Subject Areas | Total Hours Required | Maximum Online Hours |
| Auction Law; Sales Tax Law; Environmental Law | 15 | 6 |
| Bid Calling | 8 | 2 |
| Contracts and Legal Matters | 5 | 3 |
| Advertising and Marketing | 5 | 3 |
| Appraising | 5 | 3 |
| Auction Preparation, Set-Up, and Clean-Up | 5 | 4 |
| Online Auctions | 5 | 4 |
| Real Estate at Auction | 4 | 2 |
| Sale Summary; Closing Statements | 3 | 2 |
| Ethics | 3 | 2 |
| Accounting and Mathematics | 3 | 3 |
| Ringwork | 3 | 1 |
| Auction House Operation | 3 | 2 |
| UCC Bulk Transfer Laws | 2 | 1 |
| Bankruptcy | 2 | 2 |
| Firearms | 2 | 1 |
| Art, Rugs, and Jewelry | 1 | 1 |
| Antiques and Furniture | 1 | 1 |
| Automobiles | 1 | 1 |
| Livestock; Cattle | 1 | 1 |
| Estate Sales | 1 | 1 |
| Farm Machinery and Heavy Equipment | 1 | 1 |
| Insurance | 1 | 1 |
| Total Hours | 80 | 48 |
812 IAC 2-6-1