2010 Tennessee Code
Title 62 - Professions, Businesses and Trades
Chapter 19 - Auctioneers
62-19-125 - Gallery license.
62-19-125. Gallery license.
(a) Any person who desires to own and operate an auction house, auction barn, auction gallery or any other type of auction operating at a fixed site for the purpose of selling consigned or purchased goods at a fixed location is required to first obtain a gallery license. If the gallery license holder operates more than one (1) auction, the licensee shall be required to obtain a branch license for each permanent location and pay the appropriate fees. If the auction house, auction barn or auction gallery is owned and operated by a licensed auctioneer holding a valid firm license, no further license shall be required.
(b) A gallery license holder may sign consignment agreements, issue closing statements and collect and disperse funds. The licensee must hire a licensed auctioneer to call bids at all auctions. The gallery license holder is responsible for all auction activities that take place on the auction site and may not conduct auctions off the designated site. A gallery license does not give the license holder the right to call bids or act as an auctioneer at any time.
(c) The person who desires to obtain a gallery license shall submit an application to the commission on the prescribed form. A person who desires to obtain a gallery license for a firm shall request issuance of the license in the name of the firm with a specific person acting as principal. The application shall demonstrate satisfactory proof that the person has:
(1) Reached eighteen (18) years of age;
(2) Successfully completed at least thirty (30) hours of classroom education approved by the commission; and
(3) Provided other information as the commission may require to demonstrate honesty, trustworthiness, integrity, reputation and competency.
(d) Upon approval of the application by the commission, the applicant must take and successfully pass an examination prescribed by the commission. All examination fees are set by the commission.
(e) Applicants completing the requirements of this section shall be issued a license certificate and a pocket card. The license certificate shall be displayed in a conspicuous place where it can be examined by the public.
(f) The gallery license holder must comply with all of the requirements of Tennessee license laws and regulations that apply to all licensees.
[Acts 1999, ch. 358, § 10.]
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