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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 18. Professional and Occupational Licensing |
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Agency 25. Auctioneers Board |
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Chapter 21. Regulations of the Virginia Auctioneers Board |
Section 120. Conduct at auctions
Latest version.
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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.
Historical Notes
Derived from VR150-01-2:1 § 4.3, eff. August 1, 1995; amended, Volume 25, Issue 07, eff. February 1, 2009; Volume 32, Issue 01, eff. November 1, 2015.