N.H. Admin. Code § Auc 302.03

Current through Register No. 50, December 12, 2024
Section Auc 302.03 - Standards for Approval of Auctioneering Schools

In order to qualify as a board certified auctioneering school, the auctioneering school shall provide a history of the school and its qualifications as well as a list of intended instructors and their qualifications, and a course curriculum and schedule to demonstrate that:

(a) The school requires a minimum number of hours of course work in each of the following core curriculum subject areas as indicated:
(1) Auctioneer ethics, 10 hours;
(2) Auction-related principles of contract law, 4 hours;
(3) Auction-related provisions of the Uniform Commercial Code, 2 hours;
(4) Auction closing statements and accounting practices, 6 hours;
(5) Auctioneer presentation and bid calling skills, 10 hours;
(6) Auction advertising strategies, 6 hours;
(7) Auction logistics, 6 hours; and
(8) Starting and operating an auction business; 6 hours;
(b) The school offers the following course work on an elective basis:
(1) Sales of antiques and furniture, firearms, art, rugs, jewelry, automobiles, heavy equipment, farm machinery, estates, and computers;
(2) Business liquidations, including real estate and foreclosures, industrial and small business liquidations, and farm and livestock liquidations;
(3) Auction related environmental issues;
(4) Bankruptcy sales;
(5) Auction business practices including sale preparation, and appraising;
(6) Personal attributes of auctioneers such as body language, public speaking, and personal appearance; and
(7) Auction bid assistance; and
(c) The board shall approve the school if it determines that:
(1) The school demonstrates compliance with (a)-(b) above; and
(2) The courses are led by instructors with sufficient experience in and mastery of the subject matter of the course.

N.H. Admin. Code § Auc 302.03

Derived From Volume XXXVII Number 28, Filed July 13, 2017, Proposed by #12201-B, Effective 6/7/2017, Expires 6/7/2027.