No auctioneer shall engage in such business without first obtaining a license for such purpose, and making payment of a license fee of seventy-five dollars ($75.00) per year. The application for such license and the granting thereof shall be subject to the provisions contained in this chapter and such other rules and regulations as may lawfully be promulgated by the Director of Finance. This provision shall not apply to:
(a) Sales at auction conducted by or under the direction of any public authority, sales required by law to be at auction or sales pursuant to a judicial order or decree.
(b) The owner of any real or personal property desiring to sell such property at auction, provided that such property was not acquired for the purpose of resale.
(c) Sales conducted by charitable and/or nonprofit organizations.
(1952 Code § 25-1-10; 25-17-2)