(a) A person seeking an auctioneer license shall submit satisfactory evidence to the commissioner showing that he or she: (1) Has successfully completed the written and oral examinations required by this article; (2) Has a good reputation; (3) Is of trustworthy character; (4) Has met the apprenticeship requirements set forth in this article, if applicable; (5) Is a citizen of the United States; and t (6) Has a general knowledge of the auctioneering profession and the principles involved in conducting an auction. (b) A licensee shall: (1) Promptly produce for inspection his or her license at all sales conducted by or participated in by the licensee wheng requested to do so by any person; and (2) Keep complete and accurate records of all transactions engaged in for a period of three years from the date on which the sale was completed. (c) For the purposes of this section, the term "record" includes, but is not limited to: (1) Copies of signed contracts, including the names of buyers and their addresses; (2) Clerk sheets showing items sold, including buyers numbers or names, and the selling prices; and (3) Final settlement papers. (d) The records of the auctioneer shall be open to inspection by the commissioner or his or her authorized representative. (e) A person who has an auctioneer license is considered to be a professional in his or her trade.
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