Online Auctions - eBay Selling May Require State License
CNN Money has reported that Ohio residents selling on eBay online auctions will require a state auctioneers license starting May 2, 2005.
In yet another case of well meaning legislators creating laws with unintended consequences, this error could cost eBay merchants based in Ohio a $200 license fee, a $50,000 bond, a one-year apprenticeship, attendance at auction school, and passing written and oral auction exams. Failure to comply may result in a $1,000 fine and a 90-day jail sentence. (more…)
