Category Archives: Pawn Industry

Can I Buy and Sell Firearms as a Pawnbroker?

Pawnbrokers must follow strict regulations when it comes to buying and selling firearms. No matter your stance on firearms, it’s crucial that you follow all federal laws, such as holding an active Federal Firearms License from the ATF (Bureau of Alcohol, Tobacco, Firearms, and Explosives), or face the consequences. Keep reading to understand more about buying […]

Can I Become a Pawnbroker if I Have a Criminal History or Record?

Although becoming a pawnbroker may be less challenging than many people would assume, there are certain obstacles you may encounter along the way. While you don’t need to complete a specific pawnbroking course, you do need to meet certain standards. For those with a criminal history or record, these standards may be much more difficult […]

Do I Need Special Training to Become a Pawnbroker?

In some ways, being a pawnbroker isn’t as complicated as you may expect. However, you might start to realize that there is a lot of knowledge about products that you need to know about. The primary skill a pawnbroker needs to possess is the ability to evaluate a wide range of merchandise from jewelry, diamonds, […]

How Much Money is Required to Get Started as a Pawnbroker?

If you’re thinking about starting a pawnshop and becoming a licensed pawnbroker, then you’re probably aware of the many laws and regulations you’ll have to comply with before you can even open your shop. One of the requirements for getting started as a pawnbroker, whether surprising or not, is a certain amount of money.