812 IAC 2-6-1 Subject areas; number of course hours

Sec. 1. A minimum of eighty (80) hours must be accrued by approved auctioneer course providers subject to the following requirements: 80 Hour Course Requirement Breakdown Subject Areas Total Hours Required Maximum Online Hours Auction Law; Sales Tax Law; Environmental Law 15 6 Bid Calling 8 2 Contracts and Legal Matters 5 3 Advertising and Marketing 5 3 Appraising 5 3 Auction Preparation, Set-Up, and Clean-Up 5 4 Online Auctions 5 4 Real Estate at Auction 4 2 Sale Summary; Closing Statements 3 2 Ethics 3 2 Accounting and Mathematics 3 3 Ringwork 3 1 Auction House Operation 3 2 UCC Bulk Transfer Laws 2 1 Bankruptcy 2 2 Firearms 2 1 Art, Rugs, and Jewelry 1 1 Antiques and Furniture 1 1 Automobiles 1 1 Livestock; Cattle 1 1 Estate Sales 1 1 Farm Machinery and Heavy Equipment 1 1 Insurance 1 1 Total Hours 80 48