Section 60. Examination

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The examination shall test the applicant's knowledge of the following:

1. The auction business including fundamentals of auctioneering, elementary principles of real estate, preparation of contracts, advertising, final settlement statements, arithmetic and percentages, and ethics.

2. The Virginia statutes entitled Auctioneers' Licensure Act, Chapter 6 (§ 54.1-600 et seq.) of Title 54.1 of the Code of Virginia; bulk transfers, §§ 8.6A-101 through 8.6A-110 and 8.2-328 of the Code of Virginia; sales tax laws, Title 58.1 of the Code of Virginia; and the regulations of the board.

Historical Notes

Derived from VR150-01-2:1 § 2.5, eff. August 1, 1995; amended, Volume 18, Issue 07, eff. February 1, 2002; Volume 25, Issue 07, eff. February 1, 2009.

Statutory Authority

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

                    
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