| Last Action | signed by Governor (Acts, ch. 14) |
|---|---|
| Title | AN ACT relating to auctioneers. |
| Bill Documents |
Bill
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| Bill Request Number | 875 |
| Sponsors | S. Riggs, D. Horlander, D. Meade |
| Summary of Original Version | Amend KRS 330.030 to include non-auctioneer co-owners of an auction house who actively participate in the operation of the auction house to the list of those who are prohibited from advertising or acting as an auction house operator without a license issued by the board; amend KRS 330.060 to remove the July 1, 2010, 80-hour requirement of approved classroom instruction for apprentice auctioneer applicants; amend KRS 330.070 to change the apprenticeship period from two years to one year; give the board the authority to waive the 80 hours of classroom instruction if the applicant demonstrates sufficient previous auction experience and competency; provide for apprentices who obtained their licenses during the time period when there was only one test instead of two; exempt licensees who have 25 years of continuous licensure from completing a six-hour board-approved core course every four years; require all apprentice auctioneers and auction house operators to complete the core course within one year prior to the examination or during the first year of licensure; allow licensees to carry a digital copy of their license if they choose; require the completion of the core course to reactivate a license that has been placed in escrow; amend KRS 330.110 to give the board authority to levy fines of no more than $2000 per offense; require a descriptive inventory receipt be provided to all persons consigning personal property with any licensee for auction; include the executive director as one who has the authority to request auction-related information from licensees; include failure of a principal auctioneer to provide reasonable supervision to apprentice auctioneers as grounds for disciplinary action; amend 330.115 to provide that a licensee shall respond to a complaint against him or her in 20 days instead of 20 working days. |
| Index Headings of Original Version |
Licensing - Auctioneers, auction house operators, licensing requirements for Occupations and Professions - Auctioneers, continuing education for Auctioneers - Apprentice auctioneers, classroom requirements for |
| Proposed Amendments | House Committee Substitute 1 |
| Votes | Vote History |
| 01/08/15 |
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| 01/09/15 |
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| 02/04/15 |
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| 02/11/15 |
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| 02/12/15 |
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| 02/23/15 |
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| 02/24/15 |
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| 02/26/15 |
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| 03/03/15 |
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| 03/04/15 |
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| 03/09/15 |
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| 03/11/15 |
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| 03/19/15 |
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| Amendment | House Committee Substitute 1 |
|---|---|
| Summary | Retain original provisions and create a new section of KRS Chapter 330 to enable licensed auctioneers and licensed real estate brokers to collaborate in cases where real estate is sold at auctions; amend KRS 324.020 to authorize licensed real estate brokers to pay licensed auctioneers for services rendered in the collaborative sale of real estate at auction; amend KRS 330.030 to allow managers to the list of people required to obtain an auction house license; amend KRS 330.060 to lower the pre-license education requirement to 12 hours; amend KRS 330.110 to add a $5,000 cap to fines for any single incident or complaint; amend KRS 330.192 to reduce the recovery fund from $500,000 to $250,000. |
| Index Headings |
Licensing - Auctioneers, auction house operators, licensing requirements for Occupations and Professions - Auctioneers, continuing education for Auctioneers - Apprentice auctioneers, classroom requirements for |
Last updated: 1/16/2019 3:10 PM (EST)