Arkansas Administrative Code Agency 150 - Auctioneers Licensing Board
The Arkansas Auctioneers Licensing Board (AALB), under Agency 150, regulates the practice of auctioneering in the state. Its mission is to define and regulate the profession by prescribing the qualifications of licensees and providing a means to impose penalties against those found in violation of the act. The Board oversees more than 850 licensed auctioneers and auction house owners. (labor.arkansas.gov)
📘 Key Regulations & Licensing Requirements
The Arkansas Administrative Code, Agency 150, outlines the rules and regulations governing auctioneers and auction houses. Some of the significant provisions include:
Licensing Requirements: Applicants must pass both written and oral examinations with a score of 70% or better for an auctioneer license. For an auction house license, only the written exam is required. (regulations.justia.com)
Auctioneer License: An auctioneer license is required to conduct auctions. If the owner of an auction house is also the designated person conducting the auction, only one auctioneer license is needed. (regulations.justia.com)
Auction House License: An auction house license is issued in the name of one person only and does not authorize the named individual to "call" an auction. Continuing education hours for out-of-state corporations owning an auction house may be obtained by the general manager or designated person. (regulations.justia.com)
Nonresident Applicants: Nonresident applicants must file an irrevocable consent that actions may be commenced against them in any court of competent jurisdiction in Arkansas. (regulations.justia.com)
Application Duration: Applications are active for twelve (12) calendar months from the date received. If not completed within this period, the application becomes void unless an extension is approved by the Board. (regulations.justia.com)
📅 Examination Schedule
The Board administers examinations on the following dates:
January 22, 2025
March 19, 2025
July 16, 2025(labor.arkansas.gov)
October 15, 2025
The deadline for receipt of applications is 30 days prior to each examination date. (labor.arkansas.gov)
🧾 Continuing Education Requirements
To renew an auctioneer license, licensees must satisfactorily complete six (6) hours of continuing education from an auctioneer continuing education course approved by the Board. Correspondence courses may qualify for continuing education credit if approved by the Board. An exemption is available for individuals who have attained the age of fifty-five (55) years and have been licensed by the Arkansas Auctioneers Licensing Board for ten (10) consecutive years. (labor.arkansas.gov, labor.arkansas.gov, labor.arkansas.gov)
🛡️ Disciplinary Actions
The Board may impose civil penalties or suspend or revoke the license of an auctioneer for various reasons, including:(law.justia.com)
Obtaining a license through false or fraudulent representation.(law.justia.com)
Failing to account for or remit within a reasonable time any money belonging to others.(law.justia.com)
Commingling funds of others with personal funds or failing to keep the funds of others in an escrow or trustee account.(law.justia.com)
Being convicted of a criminal offense involving a felony.(law.justia.com)
Willfully violating a rule promulgated by the Board.(law.justia.com)
Failing to enter into a written contract with the seller and to furnish voluntarily to the seller at the time of execution copies of all written instruments prepared by the auctioneer.(law.justia.com)
Failing to disclose the buyer's premium in all advertising associated with an auction. (law.justia.com)
📌 Contact Information
Website: Arkansas Auctioneers Licensing Board
Board Director: Kelli Black(labor.arkansas.gov)
Phone: 501-682-1156(labor.arkansas.gov)
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