The North Carolina Auctioneers Law, Chapter 85B of the General Statutes, became effective July 1, 1973. The Law stipulates that there shall be a five-member Commission, known as the Auctioneer Licensing Board, having the powers and responsibilities set out in this Chapter. Members are appointed by the Governor. By Law three members may be from nominations submitted by the Auctioneers Association of North Carolina; at least three members must be licensed auctioneers; one member is appointed to represent the public at large, and can't be licensed. The Auctioneer Licensing Board operates in accordance with the Executive Budget Act, within an approved budget, with operational activities of the Board and its staff supported totally by license fees collected from those in the auction profession.

As an agency of the State of North Carolina, the primary purpose of the North Carolina Auctioneer Licensing Board is to protect the public.  Thus, the Board is charged with the duty to protect the consumer by an unbiased review of allegations against licensed auctioneers, apprentice auctioneers, and auction firms - as well as working to ensure that those engaged in the auction profession meet the requirements for licensure.