Ohio Wants eBayers to Post $50k Bond
MacDork writes "CNNMoney posted a short article this morning about new Ohio regulations set to become effective May 2 this year. If you are in the state and selling on eBay, you will need to pay $200 for a license and post a $50,000 bond or face possible fines and jail time. Getting the license also requires a one-year apprenticeship. When asked to which eBay users this bill applied, the bill's author, Larry Mumper responded with these very specific guidelines.... "It certainly will not apply to the casual seller on eBay, but might apply to anyone who sells a lot.""
Read the article:
In other words, the lawmakers are NOT attempting to target eBay/eBay users with this law. The law is there only to make sure auctioneers are obeying other Ohio laws regarding auctions. eBay already attempts to enforce the law by shutting down illegal auctions or whatever, so it is VERY unlikely that Ohio lawmakers will need to empose this law onto eBay sellers.
Would this law make it illegal to have an auctioneer auction off some of your property for you? NO! This would only affect someone acting as an auctioneer.
It will, however, be interesting to see if they try to apply this law to ebay, as they (their software) does act as an auctioneer. A $50,000 bond would be a drop in the bucket for ebay, but I'm not sure if the $200 is per auction or a one-time fee for the license.... That could be interesting.
- Think for yourself, question authority.-
FTFA:
The Cleveland Plain Dealer reported that the law, signed by Gov. Robert Taft on Feb. 1
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