H7407

	2014 -- H 7407
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	LC004361
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2014
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	A N A C T
	RELATING TO BUSINESSES AND PROFESSIONS -- AUCTIONEERS

	Introduced By: Representative Gregory J.Costantino
	Date Introduced: February 12, 2014
	Referred To: House Corporations
	It is enacted by the General Assembly as follows:
1	SECTION 1. Chapter 5-58 of the General Laws entitled "Auctioneers" is hereby amended
2	by adding thereto the following section:
3	5-58-12. Auctioneer license required to conduct an estate sale. -- No person shall
4	conduct the sale of the property of a decedent's estate wherein such person is to receive
5	compensation for his or her services in conducting the sale, unless said person is an auctioneer or
6	apprentice auctioneer licensed pursuant to the provisions of this chapter. Provided, this license
7	requirement shall not apply to heirs, legatees, devisees, and heirs-at-law of the decedent when
8	such persons are directly conducting such sale without employing the services of a professional to
9	operate such sale. Provided further, that heirs, legatees, devisees, and heirs-at-law of the decedent
10	who obtain an appraisal from a professional appraiser may directly conduct such a sale without
11	the use of a licensed auctioneer or apprentice auctioneer.
12	SECTION 2. This act shall take effect upon passage.
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	LC004361
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO BUSINESSES AND PROFESSIONS -- AUCTIONEERS
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1	This act would provide that no person would conduct the sale of the property of a
2	decedent's estate wherein such person would receive compensation for his or her services in
3	conducting the sale, unless said person was a licensed auctioneer. This requirement would not
4	apply to heirs of the decedent directly conducting such sales.
5	This act would take effect upon passage.
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	LC004361
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