Section Auc 303.01 - Written Examination(a) In addition to the requirements of RSA 311-B:5, each applicant, excluding applicants granted reciprocity under RSA 311-B:6 and Auc 301.01(h)(3), shall pass a written examination in the following subject areas: (1) State and federal statutes and administrative rules relative to auctioneering, including but not limited to the following:b.RSA 358-A:2, relative to deceptive acts and practices;c. RSA 358-G, relative to regulation of auctions;d.RSA 444:1, relative to liens on personal property;e. RSA 382-A:2-328, Uniform Commercial Code Sale by Auction; andf. NH Code of Administrative Rules Auc 100 through 500;(2) Generally accepted accounting practices for buyer and seller, including, but not limited to, an explanation of methods of recording sales, making lists of items sold, consignor boards, costs, and net sales; and(3) Auctioneering mathematics including calculating commissions, premiums, consignor settlements, and costs of sales.(b) The board shall administer the written examination at least 4 times each year, with the dates to be established at the November meeting.(c) The board shall publish printed material including but not limited to the examination dates for the current calendar year, the examination registration form, tips for preparing for the license examination, study materials and sample questions.(d) The passing grade on the written examination shall be at least 75% correct.(e) The examination shall be taken only after the completion of one of the following requirements: (1) An apprenticeship of at least 6 months with a minimum of 10 auctions, as described in Auc 302.01; or(2) Successful completion of an auctioneering school as described in Auc 302.02.N.H. Admin. Code § Auc 303.01
Derived From Volume XXXVII Number 28, Filed July 13, 2017, Proposed by #12201-B, Effective 6/7/2017, Expires 6/7/2027.Amended by Volume XXXVIII Number 06, Filed February 8, 2018, Proposed by #12450, Effective 1/10/2018, Expires 1/10/2028.