The Auctioneers Licence Act requires any person acting as an auctioneer to be licensed and bonded. An Auctioneer’s licence is issued to the individual acting as an auctioneer, not to the company they work for. This Act exempts from its application people auctioning Crown property, property being sold by a municipality or under the authority of a court, agricultural products sold in connection with an agricultural association, or goods being auctioned for religious or charitable purposes.
The Act provides authority for the suspension or cancellation of an auctioneer's licence in the case of misconduct, and procedures for bond forfeiture to cover consumer loss.
How to apply
People wishing to obtain an auctioneer’s licence under the Auctioneers Licence Act must submit:
- a completed application for auctioneer’s licence
- a bond in the amount of $1,000. Bonds can be obtained from your insurance agent, and must be issued in the name of the individual applying for the licence.
- the non-refundable application fee (per Rule CA-AU-001 Fees) in the amount of $150, payable to the Financial and Consumer Services Commission
If a new applicant, also submit a completed criminal record check, conducted at a detachment of the RCMP or a municipal or provincial police force, or an approved background check vendor, which has been issued in the last six months.
An auctioneer’s licence is valid for a term of 12 months. When a licence renewal application is filed after the last issued licence has expired, the applicant must pay the renewal application fee ($150) plus a late fee equivalent to half of the application fee ($75).
The standard licence application processing time is 10 business days after we receive a complete application. If expedited service (two business days for processing) is requested, the applicable fee is double ($300). Whether standard or expedited service is selected, we will follow our standard licensing processes and issue a licence only to suitable applicants who have submitted a complete application.
Upon renewal, applicants must submit the items listed above, except for the bond. At renewal, applicants must submit a bond continuation certificate from their insurance agent.