Rule 55-7-.02 - Definition/Responsibilities of Auctioneer Directly Supervising the Company(1) The auctioneer directly supervising the company is a full-time auctioneer licensed by the Commission who shall be responsible for the advertising and management of the sale, shall account for all proceeds therefrom and shall sign and issue a closing statement to the seller.(2) Any circular or other advertisement advertising a sale shall contain the name and number of the full-time auctioneer directly supervising the company.Ga. Comp. R. & Regs. R. 55-7-.02
O.C.G.A. 43-6-7; 43-6-11.1.
Original Rule entitled "Definition/Responsibilities of Auctioneer Directly Supervising the Company" was F. December 30, 1987; effective January 19, 1988.