<<Prev Rule

Texas Administrative Code

Next Rule>>
TITLE 16ECONOMIC REGULATION
PART 4TEXAS DEPARTMENT OF LICENSING AND REGULATION
CHAPTER 67AUCTIONEERS
RULE §67.72Requirements--Associate Auctioneers

(a) An associate auctioneer shall provide auction services only when under the supervision of the licensed Texas auctioneer whose name is on file with the department as the associate's sponsoring auctioneer.

(b) When bid calling, an associate auctioneer must be under the direct on-premises supervision of the sponsoring auctioneer.

(c) In order to be eligible for licensure as an auctioneer without taking the examination, an associate auctioneer must participate in all aspects of the auction business involving the laws of this state, in at least ten (10) auctions including but not limited to:

  (1) appraising;

  (2) inventorying;

  (3) advertising;

  (4) property make ready;

  (5) site selection and preparation;

  (6) lotting;

  (7) registration;

  (8) clerking;

  (9) cashiering;

  (10) bid-calling;

  (11) ring working;

  (12) property check out;

  (13) security;

  (14) accounting; and

  (15) escrow account procedures.

(d) An associate auctioneer must report any change of address to the department within thirty (30) days.

(e) When a sponsoring auctioneer terminates the sponsorship of an associate auctioneer, the associate may not provide auction services until an agreement with a new sponsoring auctioneer, whose name and signature are on file with the department, has been made.


Source Note: The provisions of this §67.72 adopted to be effective February 15, 2016, 41 TexReg 799

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page