18 Va. Admin. Code § 25-21-120

Current through Register Vol. 41, No. 6, November 4, 2024

Section 18VAC25-21-120 - Conduct at auctions

No licensee shall attempt to escalate bidding through false bids, or through collusion with another (shills). The licensee shall not bid on the owner's behalf nor knowingly accept a bid made by the owner or made on the owner's behalf unless notice has been given that liberty for such bidding has been reserved. The licensee shall neither bid on his own behalf nor knowingly accept a bid made on his behalf unless notice has been given that such bidding will be permitted.

18 Va. Admin. Code § 25-21-120

Derived from VR150-01-2:1 § 4.3, eff. August 1, 1995; amended, Virginia Register Volume 25, Issue 7, eff. February 1, 2009; Amended, Virginia Register Volume 32, Issue 01, eff. 11/1/2015.

Statutory Authority: §§ 54.1-201 and 54.1-602 of the Code of Virginia.