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Ruthie Fay Taylor tells Senate committee auctioneers should be licensed to protect public funds
Summary
Ruthie Fay Taylor, nominated to the Auctioneer Commission to complete a term, said auctioneers should be licensed because they handle escrow and fiduciary funds; she told the committee she recently collected more than $1,000,000 at an auction and argued licensing protects the public.
Ruthie Fay Taylor appeared by Zoom as a new appointee to the Auctioneer Commission and described more than 20 years as a licensed auctioneer and her work with Taylor Auction and Realty. The chair noted she would complete a term ending June 30 (year read as 'June 30, year' in the transcript); Taylor said she has been in the auction industry since 1983 and has held licenses across several states.
When a senator asked why auctioneers are licensed, Taylor argued licensing is appropriate when auctioneers take escrow funds for executors, attorneys and government entities. She told the committee she recently ran an auction that "collected over $1,000,000" and said that custody of public or client funds justifies licensing. The committee then moved to "advise and consent" and reported her nomination to the full Senate.
Taylor also noted her combined experience as a licensed realtor and auctioneer across multiple states and referenced the fiduciary responsibilities that licensing is intended to cover.
