Section 812IAC2-6-1. Subject areas; number of course hours

   (a) Auctioneer courses offered by an approved course provider must include no fewer than the minimum number of hours in each of the subject areas as listed in subsection (b).

  (b) The subject areas and corresponding minimum hourly requirements for an auctioneer course are as follows:

(1) A minimum of sixty (60) hours must be accrued in the following subjects with the minimum hourly requirement for each subject being equal to the number of course hours listed:

	Subject Area	Number of Course Hours
	Bid calling/public speaking	8
	Ethics	3
	Sale advertising	5
	Accounting procedures/mathematics	3
	Sale summary/closing statements	3
	Firearms	2
	Auction law, including sales tax law and environmental law pertaining to auctioneering	15
	UCC and bulk transfers	2
	Contracts and legal matters	5
	Bankruptcy	2
	Appraising	5
	Sale preparation, set-up, and clean-up	7
		60

(2) A minimum of eleven (11) hours must be accrued in the following subjects, with a minimum of one (1) hour in each subject listed:

(A) Antiques.

(B) Art, rugs, and jewelry.

(C) Automobiles.

(D) Cattle and livestock.

(E) Computers.

(F) Estate sales.

(G) Farm machinery.

(H) Furniture.

(I) Heavy equipment.

(J) Insurance.

(K) Tobacco.

(3) A minimum of nine (9) hours must be accrued in the following subjects, with a minimum of three (3) hours in each subject listed:

(A) Auction company operation.

(B) Real estate.

(C) Ring work.

(Indiana Auctioneer Commission; 812 IAC 2-6-1; filed Jul 3, 1996, 5:00 p.m.: 19 IR 3092; readopted filed Jul 18, 2002, 12:24 p.m.: 25 IR 4221; readopted filed Sep 26, 2008, 10:48 a.m.: 20081015-IR-812080335RFA; readopted filed Dec 2, 2014, 10:09 a.m.: 20141231-IR-812140387RFA; filed Mar 27, 2015, 4:19 p.m.: 20150422-IR-812140386FRA)