Arkansas § 17-17-308 Suspension or revocation

Arkansas Statutes

§ 17-17-308 — Suspension or revocation

The Auctioneer's Licensing Board may impose a civil penalty or suspend or revoke the license of an auctioneer for any of the following causes:

(1)Obtaining a license through false or fraudulent representation;

(2)Pursuing a continued and flagrant course of misrepresentation or making false promises through agents or advertising or otherwise;

(3)Failing to account for or remit within a reasonable time any money belonging to others that comes into his or her possession;

(4)Commingling funds of others with his or her own or failing to keep the funds of others in an escrow or trustee account;

(5)Paying valuable consideration to any person for services performed in violation of this chapter;

(6)Being convicted of a criminal offense involving a felony listed under § 17-3-102 in a court of

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The Auctioneer's Licensing Board may impose a civil penalty or suspend or revoke the license of an auctioneer for any of the following causes: (1) Obtaining a license through false or fraudulent representation; (2) Pursuing a continued and flagrant course of misrepresentation or making false promises through agents or advertising or otherwise; (3) Failing to account for or remit within a reasonable time any money belonging to others that comes into his or her possession; (4) Commingling funds of others with his or her own or failing to keep the funds of others in an escrow or trustee account; (5) Paying valuable consideration to any person for services performed in violation of this chapter; (6) Being convicted of a criminal offense involving a felony listed under § 17-3-102 in a court of competent jurisdiction of this or any other jurisdiction; (7) Willfully violating a rule promulgated by the board; (8) Failing to enter into a written contract with the seller and to furnish voluntarily to the seller at the time of execution copies of all written instruments prepared by the auctioneer, including the contract; (9) Any conduct of an auctioneer that demonstrates bad faith, dishonesty, incompetency, untruthfulness, or deceptive practices; (10) Any other conduct that constitutes improper, fraudulent, or dishonest dealings, including falsely accusing any auctioneer or auction house; (11) Failing to complete or submit the continuing education requirements as specified by this chapter and the rules adopted by the board; or (12) Failing to disclose the buyer's premium in all advertising associated with an auction.

Arkansas § 17-17-308 (Suspension or revocation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Act 2019, No. 315,§ 1353, eff. 7/24/2019. Amended by Act 2019, No. 315,§ 1352, eff. 7/24/2019. Amended by Act 2019, No. 990,§ 20, eff. 7/24/2019. Acts 1989, No. 266, § 11; 1999, No. 1333, § 7; 1999, No. 1506, § 2; 2001, No. 1258, § 1; 2003, No. 1748, § 4.