(a) It is hereby found and determined by the General Assembly that: (1) The current law pertaining to auctioneers is out of date and should be revised to permit administrative efficiencies when practical and address areas in which unregulated activities harm consumers;(2) The existing exemption for online auctions is overly broad and does not permit the regulation of online auctions conducted within this state or which sell property located within this state;(3) The state has no mechanism in place to regulate estate sales and to protect owners and consumers from fraudulent or other undesirable conduct in connection with an estate sale; and(4) The Auctioneer's Licensing Board has the appropriate expertise and is the proper regulatory authority to protect the citizens of this state from fraudulent and other undesirable practices in connection with online auctions and estate sales occurring within or affecting property within this state.(b) Therefore, it is the purpose of this chapter to provide the board all necessary and desirable authority to efficiently license and regulate:(1) Auctioneers, other than livestock auction barn auctioneers and auctioneers conducting certain kinds of provide the board all necessary and desirable authority to efficiently license and regulate:(1) Auctioneers, other than livestock auction barn auctioneers and auctioneers conducting certain kinds of auctions; and(2) Online auctions and estate sales occurring within or affecting property within this state.Amended by Act 2023, No. 677,§ 1, eff. 8/1/2023.Acts 1989, No. 266, § 1.
Arkansas Legal Code