Obtaining a License: Auction Firm
Auction Firm License
No person shall receive an auction firm license if the person:
- is under 18 years of age;
- is not a high school graduate or the equivalent;
- has within the preceding five years pleaded guilty to, entered a plea of nolo contendere or been convicted of any felony, or committed or been convicted of any act involving fraud or moral turpitude;
- has had an auctioneer, apprentice auctioneer, or auction firm license revoked; or
- has, within the preceding five years, committed any act that constitutes grounds for license suspension or revocation under N.C.G.S. 85B or 21 NCAC 4B.
An “Auction Firm” is defined as a sole proprietorship of which the owner is not a licensed auctioneer, or any partnership, association, or corporation, not otherwise exempt from N.C.G.S. 85B, that sells either directly or through agents, real or personal property at auction , or that arranges, sponsors, manages, conducts or advertises auctions, or that in the regular course of business uses or allows the use of its facilities for auctions. This applies whether or not the owner or officer of the business acts as an auctioneer.
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