Florida Administrative Code
61 - DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
61G2 - Board of Auctioneers
Chapter 61G2-8 - DEFINITIONS
Section 61G2-8.010 - Auction
Universal Citation: FL Admin Code R 61G2-8.010
Current through Reg. 50, No. 187; September 24, 2024
Auction means the sale of goods or real estate by means of exchange between an auctioneer and members of the audience; the exchanges consisting of a series of invitations for offers made by the auctioneer, offers made by members of the audience, and the acceptance by the auctioneer of the highest or most favorable offer. Use of written bids, media technology or mails in any part of the promotions, bidding, acceptance or any other part of a transaction shall not exclude such transaction from being classified as an auction.
Rulemaking Authority 468.384(2) FS. Law Implemented 468.383 FS.
New 9-2-92, Formerly 21BB-8.010.
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