The bill, H.B. No. 4397, proposes the creation of an auctioneer's license specifically for heavy equipment dealers in Texas. It amends Section 1802.051 of the Occupations Code by adding a new subsection (e), which allows the Department to issue an auctioneer's license to corporations, following rules established by the Commission. This addition aims to expand the licensing framework to accommodate corporate entities in the auctioneering sector, particularly for those dealing with heavy equipment.

The bill also reiterates existing requirements for individuals acting as auctioneers or associate auctioneers, emphasizing that they must hold a valid license issued by the department. It maintains the stipulations regarding the types of entities for which licensed individuals may conduct auctions, including auction companies and real estate brokerage firms. The proposed changes are set to take effect on September 1, 2025.

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