Retirement Of License

(1) Upon written request and the appropriate fee as set forth in Rule 0160-01-.14 of these rules, an auctioneer or affiliate auctioneer may retire such auctioneer’s or affiliate auctioneer’s license. (2) Only a license that is current and in good standing with the Commission may be retired. For the purposes of T.C.A. § 62-19-112(d) and this rule, “current and in good standing” shall mean the license is valid and unexpired, all applicable fees and any outstanding penalties REGULATIONS OF AUCTIONEERS CHAPTER 0160-01 have been paid by the licensee, the licensee has met all applicable continuing education requirements, and the licensee is not under any current disciplinary sanction. (3) Expired licenses renewed pursuant to Rule 0160-01-.22 shall be deemed valid and unexpired for the purposes of this rule. (4) No contribution to the Education and Recovery Account or continuing education shall be required of a licensee whose license is in retirement. (5) A retired license may be activated upon submission to the Commission of a written application, the payment of the appropriate fees as set forth in Rule 0160-01-.14 and proof that the applicant has obtained at least six (6) hours of continuing education in the two (2) year period immediately preceding the date of application.