La. Admin. Code tit. 46 § III-1701

Current through Register Vol. 50, No. 6, June 20, 2024

Section III-1701 - Advertising and Management of Sale

A. The auctioneer shall be responsible for the advertising and management of the sale and account for all proceeds therefore and shall, over his signature, issue a closing statement to the sellers.

B. All advertising of an auction sale must be made in the name of the licensee who shall bear responsibility of the sale to the seller, general public and auctioneer board. The current license number must be published.

La. Admin. Code tit. 46, § III-1701

Promulgated by the Department of Commerce, Auctioneer Licensing Board, LR 11:338 (April 1985), amended by the Department of Economic Development, Auctioneers Licensing Board, LR 14:787 (November 1988).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:3112.