All Auctioneers in New Brunswick are required to license under this Act. Exceptions include persons auctioning Crown property, persons auctioning property being sold by a municipality or under the authority of a court, and persons auctioning goods for a religious or charitable purpose.
Applicants must complete the required form, pay the appropriate fee, and provide a $1,000 bond, as required by the Act.
The Act provides the Financial and Consumer Services Commission with the authority to suspend or cancel a license in the case of misconduct. The Act also provides procedures for bond forfeiture to cover consumer loss.
|Fee Description||Rate in $||Effective Date|
|All applicants are required to submit a bond in the amount of $1000 with their application.|
|Licence fee (annual fee)||100.00||2012-02-15|