Required Licenses
Comprehensive certification guide for Auction Preparation Services in any city, any state
Published: 1/22/2025
Required Licenses
Required Licenses
- Auctioneer License: Must complete a state-approved auctioneer training program and pass the licensing exam. Continuing education may be required to maintain the license.
- Business License: Obtain a general business license from your local government. This typically requires submitting an application and paying a fee.
- Sales Tax Permit: Register for a sales tax permit with the state revenue department to collect and remit sales tax on auctioned items.
Insurance Requirements
- General Liability Insurance: Minimum coverage of $1 million per occurrence to protect against claims of bodily injury and property damage.
- Professional Liability Insurance: Coverage to protect against claims of negligence or failure to deliver services as promised, typically starting at $500, 000.
- Workers' Compensation Insurance: Required if you have employees, covering medical expenses and lost wages due to work-related injuries.
Training Certifications
- Certified Auctioneer: Complete a program offered by a recognized auctioneer association and pass their certification exam.
- Appraisal Certification: Obtain certification through a recognized appraisal organization, demonstrating ability to assess the value of items being auctioned.
- Auction Marketing Certification: Complete a training course focusing on marketing strategies specific to auction services, covering online and offline methods.
Local Business Permits
- Zoning Permit: Verify that your business location complies with local zoning regulations. This may require an application process and site inspection.
- Fire Department Permit: Obtain necessary permits from the local fire department if your auction preparation services involve large gatherings or storage of flammable materials.
- Sign Permit: If you plan to put up signage to advertise your auction services, check with local authorities for any required permits or regulations regarding signage.
Note: Always consult with a legal professional or local authority to ensure you meet all requirements specific to your location.