Disciplinary Results Rex Venture Group, LLC NCAL# 9401 (Lexington, NC)
Effective June 10, 2013, Rex Venture Group, LLC's auction firm license was revoked indefinitely for failing to notify the North Carolina Auctioneer Licensing Board of it's involvement in a court action (a civil suit) as required by 21 NCAC 4B .0405(b).
Ritchie Bros. Auctioneers (America), Inc. NCAL# 6980 (Lincoln, NE)
Pursuant to a Consent Order entered into between the licensee and the Board effective January 9, 2023, Ritchie Bros. Auctioneers (America), Inc. was assessed a Civil Penalty of $500.00 and received a Letter of Reprimand for violations of 21 NCAC 94B .0405(b) involving civil lawsuit reporting requirements. Per the provisions of N.C.G.S. 85B, all collected civil penalties are forwarded to local school boards.
Rudisill, Nolan R. NCAL# 10253 (Madison, NC)
Pursuant to a Consent Order, licensee Nolan R. Rudisill received a thirty (30) day suspension for violations of N.C.G.S. 85B-7.1(a) no signed settlement statement and 21 NCAC 04B .0604(g) regarding buyer's premium authorization. The suspension was abatable to zero (0) days suspension if Mr. Rudisill successfully completed certain educational conditions and paid a civil penalty in the amount of $750.00 prior to September 1, 2022. The conditions were met, and the suspension was fully abated on August 26, 2022. Per the provisions of N.C.G.S. 85B, all collected civil penalties are forwarded to local school boards.
Russell, Joseph Warren NCAL# 4039 (Thomasville, NC)
Effective November 23, 2011, Mr. Russell's North Carolina auctioneer license was permanently revoked for failure to properly make any disclosures or to provide documents or information required by this Chapter or by the Commmission, N.C.G.S. 85B-8(a)(10).