21 NCAC 04B .0301. SUBJECT MATTER

(a)  The auctioneer license examination shall test the applicant's knowledge of the following required subjects:

(1)           a practical and working knowledge of the auction business including fundamentals of auctioneering, contract drafting, bid calling, basic mathematical computations and percentages, advertising, settlement statements, and laws, regulations, and rules that relate to the auctioneering profession;

(2)           the provisions of the licensing law; and

(3)           the Rules of the Board.

(b)  The auction firm license examinations shall test the applicants knowledge of the following;

(1)           the provisions of the licensing law; and

(2)           the Rules of the Board.

 

History Note:        Authority G.S. 85B-4(d)(g);

Eff. November 1, 1984;

Amended Eff. May 1, 2006; January 1, 1995.