Wednesday, August 1, 2012

Do All Auctioneers Need a License?

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Surprisingly, the riposte to this question is no. There are surely 21 states that do not want an auctioneer to have a license. This may not be important or even critical when it comes to surely experienced auctioneers, but what about new auctioneers? They do not have the same wisdom or knowledge as those who have been in the firm for years. How does such a lack of regulation influence them and their potential customers?

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This particular statistic is rather astonishing because it seems to mean that in 42 percent of all states there is no oversight for the habit of hundreds of thousands of dollars worth of people's personal property each year - personal property sold by auctioneers.

In states where licenses are required there are commonly auction boards that manage a pool of rescue funds. Complaints can be filed with these boards which can supervene in censures or fines against any auctioneer that does not live up to his or her fiduciary responsibility. This allows buyers and sellers some recourse other than the courts. In states that have no licensing, it would appear that there are no such constraints on an auctioneer's performance or behavior.

Those living in one of the unregulated states, who may be considering a occupation in auctioning, might look upon this as a lucky break. However, chances are they are not as lucky as they might think. Reconsider how many sellers there are on eBay. Would there be as many if each of them had to get an auctioneer's license?

No licensing means that whatever can be an auctioneer - just like on eBay. This could make seeing a job as an auctioneer very difficult. The competition could be so stiff that the only way someone could break into the firm would be to open up his or her own auction house. A freelance auctioneer shows up at an auction, calls the sale and then goes home. There is not much overhead involved. Chance an auction house is someone else matter and a truly expensive undertaking, one that would have to be thought about belief out.

Anyone planning on becoming an auctioneer in one of the 21 non-licensing states still might want to Reconsider attending an auction school. Just because a license is not required does not mean that an auctioneer can ignore the laws or codes of the state in which he or she is working. Any auctioneer, licensed or otherwise, needs to know how to properly guide an auction. Without the critical skills, there is minute Chance of a new auctioneer becoming successful.

Here is an alphabetical list of the 21 license free states: Alaska, Arizona, California, Colorado, Connecticut, Hawaii, Idaho, Iowa, Maryland, Michigan, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, Oklahoma, Oregon, Utah and Wyoming.

There are a couple of states that have not been placed on this list because auctioneers are required to be licensed if they are auctioning real estate. Also, in order to guide a live auction, a permit could be required in some of the cities, towns or counties within these states. Before doing firm in any area, citizen should always check with their state or local agencies for a list of policies and procedures. Such things are always changing.

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