Compilation of Rules and Regulations of the State of Georgia
Department 55 - GEORGIA AUCTIONEERS COMMISSION
Chapter 55-7 - COMPANY REGISTRATION
Rule 55-7-.02 - Definition/Responsibilities of Auctioneer Directly Supervising the Company
Universal Citation: GA Rules and Regs r 55-7-.02
Current through Rules and Regulations filed through September 23, 2024
(1) The auctioneer directly supervising the company is a full-time auctioneer licensed by the Commission who shall be responsible for the advertising and management of the sale, shall account for all proceeds therefrom and shall sign and issue a closing statement to the seller.
(2) Any circular or other advertisement advertising a sale shall contain the name and number of the full-time auctioneer directly supervising the company.
O.C.G.A. 43-6-7; 43-6-11.1.
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