The resolution proposes an interim study to evaluate the licensing and continuing education requirements for auctioneers. The study aims to assess the current statutory and regulatory framework governing auctioneering, analyze the content and delivery methods of pre-licensing and continuing education, and investigate how other states manage auctioneer education and licensing. Additionally, it will consider the effects of online and electronic auctions on educational standards, consumer protection issues, and whether any changes to existing statutes or regulations are necessary to enhance educational quality and accessibility while ensuring proper oversight.

The Banking, Commerce and Insurance Committee of the Nebraska Legislature is tasked with conducting this study, which will involve consultations with various stakeholders, including licensed auctioneers, auction firms, educators, regulators, and consumers. Upon completion of the study, the committee is required to report its findings and recommendations to the Legislative Council or the Legislature.