(a) A person seeking an auctioneer license shall submit satisfactory evidence to the commissioner showing that he or she:

1. (1) Has successfully completed the written and oral examinations required by this article;
2. (2) Has a good reputation;
3. (3) Is of trustworthy character;
4. (4) Has met the apprenticeship requirements set forth in this article, if applicable;
5. (5) Is a citizen of the United States; and
6. (6) Has a general knowledge of the auctioneering profession and the principles involved in conducting an auction.

(b) A licensee shall:

1. (1) Promptly produce for inspection his or her license at all sales conducted by or participated in by the licensee when requested to do so by any person; and
2. (2) Keep complete and accurate records of all transactions engaged in for a period of three years from the date on which the sale was completed.

(c) For the purposes of this section, the term "record" includes, but is not limited to:

1. (1) Copies of signed contracts, including the names of buyers and their addresses;
2. (2) Clerk sheets showing items sold, including buyers numbers or names, and the selling prices; and
3. (3) Final settlement papers.