What are an Auctioneers Qualifications?
A. In Ohio, Auctioneers must be licensed by the state after successful completion of an oral and written examination. In addition they must be in good reputation and have trustworthy character. They meet apprenticeship requirements, are at least 18 years of age, and are capable of posting a $10,000 bond. Auctioneer licenses are renewable annually. Q. Why are auctioneers necessary and licensed? A. First, in most instances you cannot hold and auction in Ohio without first obtaining a licensed auctioneer. Second, your auctioneer knows how to prepare publicity suitable to the type of auction you are holding and understands the legal stipulations regarding it. Your auctioneer is a business person who knows how to meet the public and also has the ability to get the higher dollar for your property. He knows what action to take in dispute of bids and is fair and equitable to all. Q. When should you contact an auctioneer? A. When you are planning: 1. The liquidation of the estate; 2. For the sa
