Livestock Auction Sales

(1) Pursuant to T.C.A. § 62-19-103(8), the provisions of Title 62, Chapter 19 do not apply to any livestock auction sale regulated by the United States Department of Agriculture Packers & Stockyards Administration, if the sale uses: (a) The shipper’s proceeds account required by federal regulations; and REGULATIONS OF AUCTIONEERS CHAPTER 0160-01 (b) A principal or public automobile auctioneer licensed under T.C.A. §§ 62-19-101 et seq. and the rules promulgated thereunder. (2) Any operator of a livestock auction sale that is not registered with and regulated by the Packers & Stockyards Administration shall not qualify for license exemption under T.C.A. § 62-19-103(8) and must be appropriately licensed. (3) Any person acting outside of a livestock auction regulated by the Packers & Stockyards Administration shall be a licensed principal or public automobile auctioneer and is subject to all statutes and rules of the Tennessee Auctioneer Commission notwithstanding such person’s registration with the Packers & Stockyards Administration. (4) Nothing in this rule shall be construed as exempting any person acting as or advertising or representing to be an auctioneer or affiliate auctioneer from the licensure requirements of T.C.A. § 62-19-102.