The bill amends the Code of West Virginia to modernize and clarify regulations surrounding auctioneers. Key updates include a revised definition 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. It also allows individuals to sell their own property without a license under certain conditions and extends the operational period for apprentice auctioneers with expired licenses from 20 to 30 days. Additionally, the bill establishes a process for criminal background checks for applicants and outlines the responsibilities of the Department of Agriculture in handling complaints against auctioneers.

Further provisions enhance the regulatory framework by creating a board of review to address complaints, modifying the service method for orders from the commissioner to certified mail, and detailing penalties for violations. The bill mandates specific disclosures in written contracts between auctioneers and sellers, sets registration requirements for auction firms, and updates advertising regulations to ensure transparency. It prohibits misleading advertising practices, such as misrepresenting the nature of an auction. Overall, these changes aim to improve oversight and compliance within the auctioneering industry in West Virginia.

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