Any kind of work related to auctioning requires an Arkansas auction license. Here we elaborate on the process of how you can obtain, renew, or transfer it in this part of the US.
Above all, there are two requirements to qualify for the permit.
The process, however complicated it may seem, is not difficult.
The package of docs necessary for submission is different for locals and non-locals. Yet, some things are obligatory for all applicants. The list of those items is the following:
In addition, other items are obligatory for each of the following subcategories.
AR residents have to contact 501-682-1156 or [email protected] to receive the paperwork for background inspection.
There are additional requirements for the non-residents who do not hold a license from any other state or hold it from a state that has no reciprocity agreements with AR. They have to fill in and notarize the Consent to Service of Jurisdiction Form. Also, they have to request and return filled-in FBI Fingerprint Cards.
Non-residents who hold a certificate from a state that has reciprocity agreements with AR don’t need to sit for a test. But except for the docs presented above, they have to complete the Consent to Service of Jurisdiction Form and FBI Fingerprint Cards.
Your qualification is valid for 12 months. In other words, it should be renewed annually. Each year on the 30th of June, it expires. Another key point is that a grace period of 120 days exists. Under these circumstances, if you don’t pay the renewal cost after this period, penalties will apply.
What’s more important to remember is the fact that you have to successfully finish a 6-hour continuing education (CE) course before renewal. Correspondence courses approved by the AALB are another option for gaining credit. Without a doubt, online CE is also available at various training schools.
Usually, the AR Auctioneers Association has six workshops annually across different cities. In case you have questions, just call 580-327-7525 or email at [email protected]
Nonetheless, there is an exception. If you are 55 or older and have been certified for the past consecutive ten yrs, CE is not mandatory.