Effective: September 13, 2022
Latest Legislation: House Bill 321 - 134th General Assembly
There is hereby created in the state treasury the auction education fund. Seven dollars and fifty cents of each fee collected for an initial or renewed auction firm's license shall be credited to the auction education fund. In addition, seven dollars and fifty cents out of each one hundred dollars that is collected as a fee for an initial or renewed auctioneer's license shall be credited to the fund. All interest earned on moneys deposited in the state treasury to the credit of the auction education fund shall be credited to the fund.
The state auctioneers commission shall use any moneys from the auction education fund to advance and underwrite education and research in the auction field for the benefit of those licensed under this chapter and the auctioneering public and to cooperate with associations of auctioneers and other groups for the education of auctioneers and the advancement of the auction profession in this state.
Last updated July 7, 2022 at 2:14 PM
Structure Ohio Revised Code
Title 47 | Occupations-Professions
Section 4707.01 | Auctioneer Definitions.
Section 4707.011 | Administration.
Section 4707.02 | Unlicensed Practice.
Section 4707.021 | Real Property Auctions.
Section 4707.022 | Reserve Auction Presumed - Absentee Bidding - Agent of Owner or Consignee.
Section 4707.023 | Requirements for Absolute Auction - Bid by Licensee or Seller.
Section 4707.024 | Deposit of Auction Proceeds in Escrow or Trust Account - Disbursement.
Section 4707.03 | State Auctioneers Commission.
Section 4707.04 | Organization of Commission; Standards for Courses of Study.
Section 4707.05 | Auctioneers Fund.
Section 4707.06 | Record of Auctioneers.
Section 4707.07 | Auctioneer License.
Section 4707.072 | Nonresident One-Auction License.
Section 4707.074 | Auction Firm License Required for Person Providing Auction Services.
Section 4707.08 | Examinations.
Section 4707.10 | Fees - Renewals - Notice of Name or Address Change.
Section 4707.101 | Continuing Education for Auctioneers and Auction Firm Managers.
Section 4707.11 | Proof of Financial Responsibility.
Section 4707.111 | State Is Sole Regulator of Auctions.
Section 4707.12 | Reciprocity.
Section 4707.13 | Consent to Service by Nonresidents.
Section 4707.14 | Definite Place of Business.
Section 4707.15 | Disciplinary Actions.
Section 4707.151 | Bid Rigging Prohibition.
Section 4707.152 | Written Reprimand for Violations.
Section 4707.153 | Suspension for Failure to Complete Continuing Education.
Section 4707.16 | Investigation of Complaints.
Section 4707.171 | Auction Education Fund.
Section 4707.18 | Collection of Service Fees for Nonpayment in Court.
Section 4707.19 | Administrative Rules.
Section 4707.20 | Written Contract or Agreement in Duplicate Required.
Section 4707.21 | Records and Information.
Section 4707.22 | Advertisements.
Section 4707.23 | Effect of Child Support Default on License.
Section 4707.24 | Provisions Inapplicable to One-Time Residential Auction.
Section 4707.25 | Auction Recovery Fund.
Section 4707.26 | Initiating Claim Against Recovery Fund.
Section 4707.261 | Verified Application for Order Directing Payment Form Fund.
Section 4707.262 | Determining Whether Recovery Should Be From Real Estate or Auction Recovery Fund.
Section 4707.27 | Filing Notice of Application.
Section 4707.28 | Order Directing Payment.
Section 4707.29 | Limitations on Recovery.
Section 4707.30 | License Suspension.
Section 4707.31 | Director's Discretion to Make Payment Without Order.
Section 4707.32 | Recovery Against Auction Firm or Firm and Licensed Auctioneer.
Section 4707.33 | Compliance With Law Regarding Sanctions for Human Trafficking.