North Carolina Administrative Code
Title 21 - OCCUPATIONAL LICENSING BOARDS AND COMMISSIONS
Chapter 04 - AUCTIONEERS
Subchapter B - AUCTIONEER LICENSING BOARD
Section .0500 - SCHOOLS OF AUCTIONEERING
Section 04B .0502 - REQUIREMENTS FOR APPROVAL/MINIMUM STANDARDS

Universal Citation: 21 NC Admin Code 04B .0502

Current through Register Vol. 39, No. 6, September 16, 2024

(a) The course curriculum shall contain classroom instruction in the following subjects for the minimum number of hours shown:

(1) Essential Core Curriculum (minimum 50 hours):

15 Hours - Bid Calling, Voice Control, Proper Breathing Techniques, and Use and Sequence of Numbers;

4 Hours - Advertising and Marketing;

8 Hours - Auctioneers Law and Rules and Regulations;

2 Hours - Uniform Commercial Code and Bulk Transfers;

2 Hours - Drafting and Negotiating Contracts;

2 Hours - Closing Statements and Settlements;

8 Hours - Accounting and Mathematics;

2 Hours - Auctioneering Ethics;

2 Hours - Handling Sale Proceeds and Escrow Accounts;

2 Hours - Auction Preparation and Setup; and

3 Hours - Review and Testing (End of Course).

(2) Supplemental Instruction Areas (minimum 30 hours):

Antiques Heavy Equipment

Real Estate Automobiles

Technology Cattle and Livestock

Environmental Issues Public Speaking

Computers Estate Sales

Firearms Appraising

Foreclosure and Bankruptcy Sales Sales Tax Requirements

Art, Rugs, Jewelry Ring Work

Body Language Consignment Auctions

Farm Machinery

Cyber Security and Client Property Protection

Each Supplemental Instruction Area shall be addressed in the school.

(3) Schools that include students that have expressed to the school an interest to become North Carolina applicants shall provide a minimum of 2 hours of instruction on the North Carolina Auctioneers Law and Rules, G.S. 85B and 21 NCAC 04B. This instruction shall be included within the minimum required 8 hours instruction of Auctioneers Law and Rules and Regulations.

(b) Students attending an approved course shall attend and complete a minimum of 80 hours of classroom instruction according to the list of subjects and minimum hours of instruction in each subject specified in Paragraph (a) of this Rule. An hour of creditable instruction is defined as 50 minutes of classroom instruction or practical exercise accompanied by a 10 minute break.

(c) Each school's curriculum shall include instruction by a minimum of five different instructors, at least two of whom shall be professional auctioneers. Regardless of the total number of hours taught by any given instructor, no more than 20 hours of an individual's instruction may be counted to satisfy the requirements of Paragraph (a) of this Rule.

(d) The school shall establish standards for all persons who instruct in an approved school with minimum training or experience, or a combination thereof, in the particular field in which they are instructing.

(e) The instructors shall exhibit truth, honesty, and integrity as set forth in Rule 21 NCAC 04B .0404(a)(15).

(f) The school shall provide or make available facilities, equipment, materials, and supplies necessary for the course, including:

(1) a climate-controlled classroom with a seating capacity sufficient to accommodate all students; and

(2) audio-visual equipment and other instructional devices and aids necessary and beneficial to the delivery of training.

Authority G.S. 85B-3.1; 85B-4(d);
Eff. November 1, 1984;
Amended Eff. May 1, 2006; April 1, 2001; March 1, 1995;
Readopted Eff. July 1, 2020.

Disclaimer: These regulations may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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