What entity must be licensed to legally operate in auction activities?

In South Carolina, an Auction Firm must be licensed to legally operate in auction activities. This licensing requirement ensures that the firm meets specific regulatory standards set by the state, promoting ethical conduct and consumer protection within the auction industry. The licensing process involves complying with applicable laws, which helps to ensure that auctions are conducted fairly and transparently.

It's important to note that while individual auctioneers and bid callers may also need to be licensed, the entity engaging in auction activities at a broader organizational level is the Auction Firm. This focus on the firm as the licensed entity underscores the role of organized business structures in overseeing auction operations, rather than just the individuals conducting the auctions.