Mississippi Auctioneer Commission

 Today is: Saturday, May 25, 2013

FAQ
  • Frequently Asked Questions:
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  • Question:
  • With which states do we reciprocate?
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  • Answer:
  • Alabama, Arkansas, Florida, Georgia, Illinois, Kentucky, Louisiana, Massachusetts, North Carolina, Ohio, South Carolina, Tennessee, Texas, and Virginia. We do NOT honor third party reciprocity.
  •  
  • Question:
  • Do I need a bond?
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  • Answer:
  • Yes. A $10,000.00 Surety Bond is required per license
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  • Question:
  • Do I need an escrow account? Can it collect interest?
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  • Answer:
  • Yes. You need an escrow account. It may be interest or non-interest bearing account.
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  • Question:
  • Can I get a temporary permit or license for an auction?
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  • Answer:
  • No. The Auctioneer Law does not provide for a temporary permit or license.
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  • Question:
  • Do you have to go to school to be an auctioneer?
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  • Answer:
  • Yes. A list of approved schools can be found on this website
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  • Question:
  • Is there an auction school in Mississippi?
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  • Answer:
  • No. A list of approved schools can be found on this website.
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  • Question:
  • Does an auctioneer need continuing education courses?
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  • Answer:
  • No. The Mississippi Auctioneer Commission does not require continuing education; however, we do offer a continuing education seminar in May of each year to accommodate auctioneers who need continuing education credits for other states.
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  • Question:
  • Do I need an Auctioneer license and a Real Estate license to sell real estate at auction?
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  • Answer:
  • Yes. You need both. Please contact the Mississippi Real Estate Commission at 601.932.9191 for information on selling real estate or visit their website at www.mrec.state.ms.us
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  • Question:
  • Can I place my license on inactive status?
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  • Answer:
  • No. The Auctioneer Law does not provide for an inactive status.
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  • Question:
  • Why would I not receive an application to renew my license?
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  • Answer:
  • Either you have not provided this Commission with a current mailing address or your bond is not current.
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  • Question:
  • Do I need a firm license?
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  • Answer:
  • Yes. If you intend to manage, contract, or promote auctions in Mississippi.
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