Auction Schools

(1) In order to be approved by the Auctioneer Commission (for the purpose of providing instruction required by T.C.A. § 62-19-111 for a bid caller, affiliate, or principal auctioneer license), an auction school must: (a) Execute an application on the form prescribed by the Commission, accompanied by a description of the school’s curriculum; (b) Have a permanent business location; REGULATIONS OF AUCTIONEERS CHAPTER 0160-01 (c) Conduct a minimum of fifty (50) hours of classroom or online instruction, including sixteen (16) hours in basic fundamentals, and at least twenty-five (25) hours under the supervision of a licensed auctioneer with at least three (3) years of experience; (d) Maintain a pass/fail grading system, with a supplementary “good/fair/poor” designation; (e) Provide instruction in public speaking, bid calling, sales management, advertisements, contracts, closing statements, license law, the Uniform Commercial Code, bulk sales and firearms; and (f) Demonstrate every two (2) years that it has met the requirements of the Tennessee Higher Education Commission (or the equivalent thereof in another state). (2) In order to be approved by the Auctioneer Commission (for the purpose of providing instruction required by T.C.A. § 62-19-111 for an automobile auctioneer license), an auction school must: (a) Execute an application on the form prescribed by the Commission, accompanied by a description of the school’s curriculum; (b) Have a permanent business location; (c) Conduct a minimum of fifteen (15) hours of rigorous classroom or online instruction in automobile auctioneering, including instruction in ethics of automobile auctions, registration and licensing of motor vehicles, transfers of title and registration, and rules and statutes relating to public automobile auctions; and (d) Demonstrate every two (2) years that it has met the requirements of the Tennessee Higher Education Commission (or the equivalent thereof in another state).