True or False: No person shall be issued an auctioneer or apprentice auctioneer license until the person has made the contribution to the Fund.

The statement is true because, in North Carolina, a prerequisite for obtaining an auctioneer or apprentice auctioneer license is that the individual must make a contribution to the Auctioneer Recovery Fund. This fund is established to provide protection to consumers against wrongful acts by licensed auctioneers.

The requirement to contribute to the Fund is part of the licensure process, ensuring that all auctioneers are accountable and that there is a mechanism in place to support consumers who may suffer losses due to unethical practices. This aligns with the overarching goal of maintaining professionalism and integrity within the auction industry, which is critical for consumer trust and the overall health of the market.

Other options do not align with the established regulations. For instance, stating that it is only for assistants would misrepresent the fact that all individuals seeking a license must contribute, while suggesting a dependency on the license type overlooks the universal requirement for all auctioneer and apprentice licenses.