Construction Health \u0026amp; Safety Plan
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FAQ
Conduct of auction; records. (a) No licensee shall conduct an auction in this State without first having a written agreement with the owner of any property to be sold. The agreement must contain the terms and conditions upon which the auctioneer received the goods for sale.
The legal definition of an auction is a public sale of property to the highest bidder. The underlying purpose of an auction sale is to obtain the best financial returns for the owner of the property and to allow free and fair competition among bidders.
Most auction sales (whether live, online, simulcast, etc.) of property that is located in North Carolina require a valid and Active Auctioneer License or Auction Firm License issued by the NC Auctioneer Licensing Board (NCALB).
(7) New auction firm license (examination) $250.00 This includes a $150.00 annual license fee; $50.00 application fee; and $50.00 examination fee.
Filing the Documents Take the original and two (2) copies of the Motion to the Civil Division of the Clerk of Superior Court's office in the county where your case is filed. The Clerk will stamp each Motion ?filed,? place the original in the Court file and return two (2) copies of the ?filed? document to you.
Some bids come in, live, during the bidding and the auction assistant handling the phone calls or online bids will bid for those bidders. Other bids have been placed in advance and the auction company acts as a proxy for these bidders, raising the bid in the designated increments based on what a bidder has submitted.