Ohio Code § 4707.072
Ohio Code § 4707.072. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4707.072.
The department of agriculture may grant one-auction licenses to any nonresident individual
who is determined to be qualified by the department. Chapter 4796. of the Revised Code does not apply to one-auction licenses issued
under this section. Any individual who applies for a one-auction license shall attest, on forms provided
by the department, and furnish to the department, satisfactory proof that the license
applicant meets the following requirements: (A) Has a good reputation; (B) Is of trustworthy character; (C) Has attained the age of at least eighteen years; (D) Has a general knowledge of the requirements of the Revised Code relative to auctioneers,
the auction profession, and the principles involved in conducting an auction; (E) Has two years of professional auctioneering experience immediately preceding the
date of application that includes the personal conduct by the applicant of at least
twelve auction sales in any state; (F) Has paid a fee of five hundred dollars; (G) Has not applied for or previously obtained a license under this section; (H) Has provided proof of financial responsibility in the form of either an irrevocable
letter of credit or a cash bond or a surety bond in the amount of fifty thousand dollars. If the applicant gives a surety bond, the bond shall be executed by a surety company
authorized to do business in this state. A bond shall be made to the department and shall be conditioned that the applicant
shall comply with this chapter and rules adopted under it, including refraining from
conduct described in section 4707.15 of the Revised Code . All bonds shall be on a form approved by the director of agriculture.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4707.072
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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What subject does Ohio Revised Code § 4707.072 address?
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