21 N.C. Admin. Code 4B.0607

Current through Register Vol. 39, No. 8, October 15, 2024

Section 04B .0607 - SOLE PROPRIETOR AUCTION BUSINESSES

(a) A licensed auctioneer who owns and operates a sole proprietor auction business has the responsibility for arranging, managing, soliciting, and contracting auctions; the supervision of the auction staff; the supervision of the acceptance of consignments of items for sale at auction; the supervision of the advertising of an auction; and the supervision of the acceptance of payment and disbursement of monies for items sold at auction.

(b) A licensed auctioneer or an apprentice auctioneer who is employed or contracted by another licensed auctioneer who owns and operates a sole proprietor auction business shall only be responsible for calling bids and performing duties that a non-auctioneer is allowed to perform.

(c) A licensed auctioneer who owns and operates a sole proprietor auction business shall be on the premises of his or her businesses' auction sale location while the auction sale is conducted.

21 N.C. Admin. Code 04B .0607

Authority G.S. 85B-1; 85B-3.1;
Eff. May 1, 2006;
Readopted Eff. July 1, 2020.

Authority G.S. 85B-1; 85B-3.1;
Eff. May 1, 2006.

Readopted by North Carolina Register Volume 35, Issue 03, August 3, 2020 effective 7/1/2020.