In this chapter:
- (1) "Advisory board" means the Auctioneer Education Advisory Board.
- (2) Repealed by Acts 2013, 83rd Leg., R.S., Ch. 1048, Sec. 17, eff. June 14, 2013.
- (3) "Auction" means the sale of property by competitive bid using any method, format, or venue.
- (4) "Auction company" means a person who engages in the business of arranging, managing, sponsoring, advertising, or conducting auctions.
(5) "Auctioneer" means any person who:
- (A) sells or offers to sell property at auction, with or without receiving consideration; or
- (B) solicits, negotiates, or executes an auction listing contract.
- (6) "Commission" means the Texas Commission of Licensing and Regulation.
- (7) Repealed by Acts 2003, 78th Leg., ch. 816, Sec. 4.019(1); Acts 2003, 78th Leg., ch. 1276, Sec. 14A.351(a).
- (8) "Department" means the Texas Department of Licensing and Regulation.
- (8-a) "Executive director" means the executive director of the department.
- (9) "Fund" means the auctioneer education and recovery fund.
- (10) "Personal property" means any property other than real property, including all tangible and intangible types of property.
- (11) "Real property" means land, including improvements, fixtures, and other property appurtenant to or used in connection with the land, and any other estate, interest, or legal or equitable right in the land, improvement, fixture, or appurtenant property.
- (12) "Recurring basis" means more than once every 24 months.
- (13) "Sealed bid auction" means a sealed bidding procedure that incorporates or allows for the competitive increasing or decreasing of bids after the opening of sealed bids.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Amended by Acts 2003, 78th Leg., ch. 816, Sec. 4.001, 4.019(1), eff. Sept. 1, 2003;
Acts 2003, 78th Leg., ch. 1276, Sec. 14.010, 14A.351, eff. Sept. 1, 2003.
Acts 2013, 83rd Leg., R.S., Ch. 1048 (H.B. 3038), Sec. 1, eff. June 14, 2013.
Acts 2013, 83rd Leg., R.S., Ch. 1048 (H.B. 3038), Sec. 17, eff. June 14, 2013.