Section 200. Requirements for course approval

To receive course approval the institution must offer to Virginia candidates a minimum of 80 hours of classroom and field instruction in the conduct of auction business to include fundamentals of auctioneering, elementary principles of real estate, brokerage, contract drawing, advertising, sale preparation, bid calling, settlement statements, ethics and exposure to the current rules and regulations of the Virginia Auctioneers Board. There must be at least five instructors who have been licensed auctioneers for at least five years and who specialize in different fields of the auction business.

Historical Notes

Derived from VR150-01-2:1 § 6.2, eff. August 1, 1995; amended, Volume 18, Issue 07, eff. February 1, 2002.

Statutory Authority

§§ 54.1-201 and 54.1-602 of the Code of Virginia.