KRS 330.030: Auctioneer's license required -- When auction house operator's license

required -- When escrow account required.

(1) It is unlawful for any person to advertise or act as an auctioneer or apprentice

auctioneer within the Commonwealth, or adverti se or act as an auctioneer or

apprentice auctioneer of real or personal property located within the

Commonwealth, without a license issued by the board.

(2) It is unlawful for any person to advertise or act as a limited livestock auctioneer

within the Commonwealth without a license issued by the board.

(3) (a) It is unlawful for any person to advertise or act as an auction house operator

within the Commonwealth without a license issued by the board.

(b) An auction house operator shall be a licensed auctione er or apprentice

auctioneer if he or she acts as an auctioneer or apprentice auctioneer. If

licensed as an auctioneer, an auction house operator license shall not be

required.

(c) If an auction house operator conducts and operates more than one (1) auction

house, a license shall be issued for each location, and the initial and renewal

fees shall be applicable.

(d) This subsection applies to each co-owner or manager of an auction house who

actively participates in the operation of the auction house, but who is not an

auctioneer.

(4) (a) Each licensed principal auctioneer or auction house operator who takes

possession of money for another in relation to an auction shall maintain at

least one (1) escrow account.

(b) If a licensee already maintains an escrow acc ount due to licensure pursuant to

KRS Chapter 198B, 324, or 324A, the licensee shall not be required to

maintain a second, separate escrow account.