Section 100. Advertising

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Part IV. Standards of Practice

A. All advertising must be truthful. Advertising shall contain no false, misleading or deceptive statements, with respect to types or conditions of merchandise offered at auction, why merchandise is being sold, who has ownership, where the merchandise was obtained, or the terms and conditions of the auction and sale.

B. In all advertisements relating to an auction, the auctioneer's name and Virginia license number or the auction firm's name and Virginia license number shall be clearly displayed.

Historical Notes

Derived from VR150-01-2:1 § 4.1, eff. August 1, 1995.

Statutory Authority

§§ 54.1-201 and 54.1-602 of the Code of Virginia.

                    
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