What is one potential consequence of failing to renew an auctioneer's license on time?

Failing to renew an auctioneer's license on time can lead to the loss of the ability to auction items legally. When an auctioneer operates without a valid license, they are essentially conducting illegal auctions, which can result in significant legal repercussions. This loss of legal authority affects the auctioneer's ability to perform their profession, as they are not compliant with state regulations.

While increased fees for renewal and potential mandatory additional training may occur after a lapse in licensing, the immediate and crucial consequence is that without a renewed license, the auctioneer cannot legally auction items. Suspension of any personal licenses is less directly related to the ramifications of a lapsed auctioneer's license, making it less relevant in this context. Therefore, the most direct and immediate consequence is the loss of legal authority to conduct auctions.