HB 436 — AN ACT relating to auctioneer licensure.

UNOFFICIALCHAPTER COPY24 221 RSCHAPTER 24 ( HB 436/GA436 ) AN ACT relating to auctioneer licensure.

and (d) Successfully complete at least eighty (80) hours of approved classroom instruction from a board-approvedboard- approved auction education provider.

(4) An applicant for an auctioneer license who has previously held an auctioneer license which has been revoked, suspended, or which has expired without renewal may request, and the board may grant, a waiver of the requirement of possession of a Page 1 of 9 HB043610.100 - 1597 - XXXX GA UNOFFICIAL COPY 22 RS HB 436/GA current apprentice license.

(b) A licensee who has not completed the required continuing education may, within the time period set forth in subsection (6) of this section, remit a fee established by administrative regulations promulgated by the board with the Page 2 of 9 HB043610.100 - 1597 - XXXX GA UNOFFICIAL COPY 22 RS HB 436/GA applicable renewal fees, and the continuing education reporting requirement shall be deferred to the next biennial[annual] renewal.

If the licensee fails to meet the continuing education Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY requirement for the next biennial[annual] renewal, the licensee shall successfully complete the examination before renewal of his or her license.

The board may require all licensees to complete a six (6) hour board-board-approved approved core course once every four (4) years, that includes the core subjects of Kentucky auction statutes and regulations, ethics, and any other subject matter deemed appropriate by the board.

[(c) A license or pocket license shall be replaced upon the request of the licensee and payment of a replacement fee established by administrative regulations promulgated by the board in accordance with KRS Chapter 13A.] (9) When an apprentice auctioneer is discharged or voluntarily terminates employment Page 3 of 9 HB043610.100 - 1597 - XXXX GA UNOFFICIAL COPY 22 RS HB 436/GA with the auctioneer for any reason:

Page 4 of 9 HB043610.100 - 1597 - XXXX GA UNOFFICIAL COPY 22 RS HB 436/GA Section 2.

CHAPTER 24 3 (c)[(3)] Pursuing a continued and flagrant course of misrepresentation or intentionally making false promises or disseminating misleading information through agents or advertising or otherwise;

(g)[(7)] Entering a plea of guilty, an Alford plea, a plea of no contest to, or being convicted of:[,] Page 5 of 9 HB043610.100 - 1597 - XXXX GA UNOFFICIAL COPY 22 RS HB 436/GA 1.

2.[(b)]2.[(b)]Written Written purchase contracts;

4.[(d)]4.[(d)]Buyer Buyer registration records;

and Page 6 of 9 HB043610.100 - 1597 - XXXX GA UNOFFICIAL COPY 22 RS HB 436/GA 5.[(e)] Settlement records, including all moneys received and disbursed and escrow account activity;

(o)[(15)] Failure of any licensee to deliver within thirty (30) days any auction-auction-related related information, including but not limited to advertisements, listing contracts, purchase contracts, clerking records, buyer registration records, settlement records, escrow account information, license, or any other auction- related information to the board or the board's designee upon request;

Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (1) The board may upon its own motion, and shall upon the verified written complaint of any person, investigate the actions of any licensee or any person who assumes to act as a licensee if the complaint, or complaint together with other evidence presented in connection with it, presents a prima facie case of a violation of this chapter.

Page 7 of 9 HB043610.100 - 1597 - XXXX GA UNOFFICIAL COPY 22 RS HB 436/GA (c) Review evidence;

Page 8 of 9 HB043610.100 - 1597 - XXXX GA UNOFFICIAL COPY 22 RS HB 436/GA (a) The advertising requirements set forth in KRS 330.230(1), (2), and (7);

PageSigned 9by ofGovernor 9March HB043610.10024, -2022. 1597 - XXXX GA