|Action||General Regulatory Reduction Initiative|
|Comment Period||Ends 3/15/2023|
The de-regulation of the auctioneer licensing regime in Virginia will not have positive results. Licensing promotes a basic level of competency and accountability and will diminish the value brought forth by licensed professional auctioneers and lower the public's trust in the profession. Auctioneers maintain an escrow account and maintain care, custody, and control of client’s assets and money. This is a large responsibility and there needs to be accountability.
I believe removal of licensing regulations will have a detrimental effect on Virginia's auction industry.