Section 4707.101 — Continuing education for auctioneers and auction firm managers.
320 words·~1 min read·
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(A)A licensed auctioneer shall complete eight hours of continuing education in accordance with this section prior to renewal of the license under section 4707.10 of the Revised Code. The auction firm manager of a licensed auction firm shall complete eight hours of continuing education in accordance with this section prior to the renewal of the auction firm license under section 4707.10 of the Revised Code.
(B)(1) Except as provided in division (B)(2) of this section, a licensed auctioneer and an auction firm manager shall complete the eight hours of continuing education as follows:
(a)Three of the hours shall include areas of instruction in any of the following areas: an overview of this chapter and rules adopted under it, including any recent amendments to that chapter or rules; contract law; the uniform commercial code; auction ethics; or trust or escrow accounts.
(b)Five of the hours shall include areas of instruction in any of the following areas: advertising and marketing; business math and accounting; insurance and liability; federal firearms law; business management; motor vehicle auctions; real estate auctions; or personal property auctions.
(2)If a licensed auctioneer has been issued a license with a period of validity of twelve months or less, the auctioneer shall complete four hours of continuing education as follows:
(a)One hour in the areas of instruction described in division (B)(1)(a) of this section;
(b)Three hours in the areas of instruction described in division (B)(1)(b) of this section.
(C)A licensed auctioneer or an auction firm manager of a licensed auction firm may complete an area of instruction for continuing education hours in another state if both of the following apply:
(1)The area of instruction has been approved by the appropriate state governing body in the other state.
(2)The Ohio auctioneers commission approves the completion of the area of instruction by the auctioneer or an auction firm manager in the other state.