Title 51 — Sales and Exchanges
45 chapters · 316 sections in this title.
N.D.C.C. § 51-05.1-01 Auctioneering or clerking - Registration
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A person may not conduct a sale as an auctioneer or clerk unless registered with the secretary of state.
N.D.C.C. § 51-05.1-01.1 Auctioneer's license - Clerk's license - Fees - Bonds
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Repealed by S.L. 2023, ch. 447, § 7.
N.D.C.C. § 51-05.1-01.2 Exemptions
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Registration under this chapter is not required for the following: 1. Sale of an estate by an executor or an administrator. 2. Sale by a sheriff or other person under court order. 3. Sale by a public official acting in an official capacity. 4. Sale of purebred or registered lives…
N.D.C.C. § 51-05.1-02 License standards
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Repealed by S.L. 2023, ch. 447, § 7.
N.D.C.C. § 51-05.1-02.1 Conviction not bar to licensure - Exceptions
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Repealed by S.L. 2023, ch. 447, § 7. 51-05.1-03. Investigation - Grounds for refusal, suspension, or revocation of license - Hearing on appeal. Repealed by S.L. 2023, ch. 447, § 7.
N.D.C.C. § 51-05.1-04 Definitions - Exceptions
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1. Except as provided in subsection 5, an auctioneer within the meaning of this chapter is a person who, for a compensation or valuable consideration, sells or offers for sale either real or personal property at public auction as a whole or partial vocation. 2. Except as provided…
N.D.C.C. § 51-05.1-04.1 Written contracts
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An auctioneer may not sell the property of another at auction without a prior written contract with the seller which sets forth the terms and conditions upon which the auctioneer will sell the property. A similar contract governing the activities of the auction clerk is required …
N.D.C.C. § 51-05.1-04.2 Buyer's premium
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A successful bidder may not be required to pay an amount in excess of the successful bid and governmental fees and taxes, unless before bidding the bidder has signed a statement which clearly describes the additional amount and states how the actual amount due will be determined.
N.D.C.C. § 51-05.1-05 Handling of funds by clerk of auction sale
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Every clerk of an auction sale shall maintain in the clerk's name or firm name, a separate trust account designated as such in a federally insured bank or other federally insured depository in this state in which the clerk immediately shall deposit all funds not the clerk's own, …
N.D.C.C. § 51-05.1-06 License list
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Repealed by S.L. 2001, ch. 440, § 2.
N.D.C.C. § 51-05.1-07 Penalty
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Any person violating any of the provisions of this chapter is guilty of a class B misdemeanor.