How to Get an Ohio Auctioneer License

Published: Apr 20, 2017
Ohio auctioneer license guide

 

According to 4707.02 of the Ohio Revised Code (ORC), no person in the state can act as an auctioneer, auction firm, apprentice or else, without having become licensed to do so.

Getting an Ohio auctioneer license requires applicants to complete a number of pre-licensing requirements. This includes getting enough preliminary experience, passing an examination, as well as acquiring an Ohio auctioneer bond. Already licensed auctioneers must also fulfill some of these requirements when renewing their license every two years.

Here is what applicants for an Ohio auctioneer license as well as those wanting to renew their license need to know about the process!

Ohio Auctioneer License Requirements

Before being able to apply for an auctioneer license, applicants must complete a number of pre-licensing requirements. In order to be eligible for an auctioneer license, applicants must have:

  • Passed an apprenticeship licensing examination
  • Served a one year apprenticeship (which requires getting an apprenticeship license), and met all the requirements of the apprenticeship as defined in Chapter 4707.09 of the Ohio Revised Code
  • Been a bid caller in 12 auctions

The ORC also specifies instances in which one may qualify for a license without passing an apprenticeship – such as reciprocity agreements with other states.

Once an applicant has been an apprentice and passed all the requirements or received a waver for the apprenticeship requirement, they may proceed with applying for an auctioneer license. To apply for a license, an applicant will need to meet the following requirements:

  • Complete the auctioneer license application form
  • Twelve “Certification of Participation in Auction” forms (if you are applying as part of the standard procedure via apprenticeship, and not with a waiver)
  • Attend an auction school approved by Ohio Auctioneers Commission, and provide verification thereof
  • Obtain a $25,000 Ohio auctioneer bond
  • Pass an auctioneer exam (includes both a written and verbal part) with at least 75%
  • Pay a $200 biennial licensing fee and a $25 exam fee

Auctioneer exams are held four times a year. Once you pass your exam and submit all the required form, your license will be issued by the Ohio Department of Agriculture.

Ohio Auctioneer License Renewal

Current Ohio auctioneers will soon need to renew their license and bond. June 30 is the annual renewal deadline for auctioneers. During renewal, auctioneers must pay a renewal fee of $200. Along with the renewal fee, licensees must also renew their Ohio auctioneer bond, and resubmit the renewed bond to the Department.

Licensing fees are biennial, which means that licenses are renewed every two years. People whose last name or the name of their corporation, partnership or association begins with the letters from A-J or X-Z must renew their licenses in odd numbered years. Those whose names are between K-W must renew in even numbered years.

If you miss the June 30 renewal deadline but renew your license before September 1, you can renew your license without having to reapply. You will need to pay a later renewal penalty of $100, though, along with your regular $200 renewal fee. If you fail to renew by September 1, you will need to reapply for your license from scratch.

Ohio Auctioneer Bond Requirement

The auctioneer bond is an important part of the licensing process for Ohio auctioneers. It serves as a guarantee that auctioneers will perform their services honestly and in compliance with the ORC and other state regulations that apply to them.

The bond’s cost is determined on the basis of an applicant’s personal finances, and in particular their credit score. The cost is determined on an individual basis but is typically within a small percentage of the total bond amount.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.

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