330.030 Auctioneer's license required -- When auction house operator's license
267 words·~1 min read·
/ky/330-030A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
required -- When escrow account required.
(1)It is unlawful for any person to advertise or act as an auctioneer or apprentice
auctioneer within the Commonwealth, or advertise or act as an auctioneer or
apprentice auctioneer of real or personal property located within the
Commonwealth, without a license issued by the board.
(2)It is unlawful for any person to advertise or act as a limited livestock auctioneer
within the Commonwealth without a license issued by the board.
(a)It is unlawful for any person to advertise or act as an auction house operator
within the Commonwealth without a license issued by the board.
(b)An auction house operator shall be a licensed auctioneer or apprentice
auctioneer if he or she acts as an auctioneer or apprentice auctioneer. If
licensed as an auctioneer, an auction house operator license shall not be
required.
(c)If an auction house operator conducts and operates more than one
(1)auction
house, a license shall be issued for each location, and the initial and renewal
fees shall be applicable.
(d)This subsection applies to each co-owner or manager of an auction house who
actively participates in the operation of the auction house, but who is not an
auctioneer.
(a)Each licensed principal auctioneer or auction house operator who takes
possession of money for another in relation to an auction shall maintain at
least one
(1)escrow account.
(b)If a licensee already maintains an escrow account due to licensure pursuant to
KRS Chapter 198B, 324, or 324A, the licensee shall not be required to
maintain a second, separate escrow account.