Section 69-08-01-01 - Approved auction schools Auction schools must apply to the commission to have their courses of study approved for use by North Dakota auctioneers. To be approved, a course of study must:
1. Require students to complete at least sixty hours of study in the presence of school instructors, at least forty hours of which is under the supervision of a licensed auctioneer with at least five years of experience. 2. Provide instruction in ethics, bid calling, sales management, advertising, contracts, accounting and bookkeeping, real estate, appraisals, closing statements, license law, uniform commercial codes, tax collection, bulk sales, and firearms. 3. Maintain a grading system that permits the issuance of diplomas or certificates only to students who successfully demonstrate competence in all required areas of study. To have their course of study approved, an auction school must also provide the commission with a copy of the test instruments and grading standards used to determine student competence.
N.D. Admin Code 69-08-01-01
Amended effective January 1, 1994.General Authority: NDCC 28-32-02
Law Implemented: NDCC 51-05.1-02