- (a) A person may not act as an auctioneer of real or personal property in this state unless the person holds a license issued by the executive director under this chapter.
- (b) An auctioneer who advertises to conduct an auction in this state shall provide the auctioneer's name and license number in the advertisement.
(c) An individual who is licensed under this chapter may not act as an auctioneer for an entity unless the entity:
- (1) is an auction company owned or operated by an individual who is licensed under this chapter;
- (2) holds a dealer general distinguishing number issued under Subchapter B, Chapter 503, Transportation Code, and the auction is for the purpose of auctioning vehicles as defined by Section 503.001, Transportation Code; or
- (3) is a real estate brokerage firm that is operated by a broker licensed by the Texas Real Estate Commission.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Amended by Acts 2003, 78th Leg., ch. 816, Sec. 26.045, eff. Sept. 1, 2003;
Acts 2003, 78th Leg., ch. 1276, Sec. 14A.353, eff. Sept. 1, 2003.
Acts 2011, 82nd Leg., R.S., Ch. 325 (H.B. 2519), Sec. 1, eff. September 1, 2011.
Acts 2013, 83rd Leg., R.S., Ch. 1048 (H.B. 3038), Sec. 3, eff. June 14, 2013.
Acts 2015, 84th Leg., R.S., Ch. 777 (H.B. 2481), Sec. 4, eff. September 1, 2015.