H.B. No. 373 Summary

• Eliminates the apprentice auctioneer and special auctioneer license categories, allowing these individuals to transition to full auctioneer licenses under modified requirements.

• Removes the apprenticeship requirement for obtaining an auctioneer license; applicants may instead complete an approved course of study in auctioneering at an accredited institution.

• Modifies examination procedures by eliminating separate apprentice auctioneer exams and consolidating testing requirements for auctioneer and auction firm manager candidates.

• Allows existing special auctioneer and apprentice auctioneer licensees a 12-month transition period to apply for appropriate new licenses before their existing licenses terminate.

• Makes various technical amendments to auction-related statutes to remove references to eliminated license types and update regulatory procedures accordingly.