SB 759
Relating to agency changes to auctioneers
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill makes changes to the regulations governing auctioneers in West Virginia. It updates definitions related to auctions and auction firms, clarifies exceptions for certain sales, requires auctioneers to maintain a bond, and establishes rules for licensing and apprenticeship. The bill also addresses advertising requirements and establishes procedures for investigating complaints against auctioneers.
Key provisions
- Updates definitions of key terms like ‘auction,’ ‘auction firm,’ and ‘auctioneer.’
- Establishes requirements for auctioneer licenses, including a bond amount and continuing education.
- Clarifies exceptions to licensing requirements for specific types of sales (e.g., public authority sales, owner-conducted sales).
- Requires auctioneers to maintain a bond to protect buyers.
- Outlines procedures for investigating complaints against auctioneers and the role of a board of review.
- Specifies advertising requirements, prohibiting certain practices like requiring minimum bids.
- Addresses apprenticeship requirements and the process for renewing auctioneer licenses.
- Establishes rules for auction firms, including registration and bonding requirements.
Who is affected
- Auctioneers
- Auction firms
- Potential auctioneers (applicants)
- Property owners
- The West Virginia Department of Agriculture
Notable changes
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