The bill amends various sections of the Code of West Virginia concerning auctioneers, introducing new definitions and updating existing provisions. Notable changes include the redefinition of "auction" to cover various bidding methods, the introduction of the term "auction firm," and an increase in the required bond for auctioneers from $10,000 to $25,000. The bill clarifies exceptions to licensing requirements, allowing individuals to sell their own property without a license under certain conditions, and mandates that licensing fees be established by legislative rule. Additionally, it extends the operational period for apprentice auctioneers after their license expiration from 20 to 30 days.

Further provisions address the investigation of complaints against auctioneers and the compensation of board members. The bill allows the Department of Agriculture to investigate complaints and requires the presentation of these complaints and investigation facts to a newly structured board of review, which will consist of three members appointed by the Governor. The bill also modifies the process for serving orders from the commissioner, changing the method from registered to certified mail. New requirements for written contracts between auctioneers and sellers are introduced, including detailed disclosures about fees and responsibilities, while advertising regulations are specified to ensure transparency and compliance with defined standards.

Statutes affected:
Introduced Version: 19-2C-1, 19-2C-2, 19-2C-3, 19-2C-3a, 19-2C-4, 19-2C-5b, 19-2C-6, 19-2C-6a, 19-2C-7, 19-2C-8, 19-2C-9, 19-2C-10
Committee Substitute: 19-2C-1, 19-2C-2, 19-2C-3, 19-2C-3a, 19-2C-4, 19-2C-5b, 19-2C-6, 19-2C-6a, 19-2C-7, 19-2C-8, 19-2C-9, 19-2C-10