1. (a) An auction company must list the license number under which it is operating in any yellow page advertisement which consists of more than name, address, and phone number.
2. (b) An auctioneer must furnish to the department the name, address, and phone number of all auction companies which he owns or operates. Any auction company using an assumed name must furnish a copy of the assumed name registration.
3. (c) An auctioneer who is supervising an associate auctioneer must be on premises for any auction which is bid-called by the associate auctioneer.
4. (d) An auctioneer or an associate auctioneer who is licensed in Texas, or who is licensed in another state as well as in Texas, who has been convicted of a felony or a misdemeanor either in Texas or in another state, must notify the department no later than 30 days after being convicted.
5. (e) An auctioneer or an associate auctioneer who is in another state as well as in Texas, who has had his auctioneer license in another state suspended, revoked, or renewal denied as a result of an administrative hearing, must notify the department of the administrative action no later than 30 days after receipt of the final order advising of that action.

Source Note:The provisions of this §67.70 adopted to be effective January 27, 1993, 18 TexReg 301; amended to be effective September 30, 1994, 19 TexReg 7272.