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TITLE 16ECONOMIC REGULATION
PART 4TEXAS DEPARTMENT OF LICENSING AND REGULATION
CHAPTER 67AUCTIONEERS
RULE §67.71Requirements--Sponsoring Auctioneer
(a) An Associate Auctioneer must work under the direct supervision of a licensed Auctioneer to maintain licensure.

 (b) A sponsoring auctioneer must be on the premises and directly supervising an associate auctioneer when the associate is bid calling.

 (c) A sponsoring auctioneer is responsible for supervision of an associate auctioneer as the associate performs the items listed in §67.72(c).

 (d) An auctioneer who terminates the sponsorship of an associate auctioneer must:

  (1) within thirty (30) days notify the department in writing; and

   (2) provide signed documentation to the associate auctioneer showing:

    (A) the beginning and ending date of sponsorship;

     (B) date and location of up to ten (10) auctions bid called by the associate;

     (C) items listed in §67.72(c), that the associate has performed.
Source Note: The provisions of this §67.71 adopted to be effective February 15, 2016, 41 TexReg 799; amended to be effective September 1, 2024, 49 TexReg 6446

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