Louisiana Administrative Code
Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS
Part III - Auctioneers
Chapter 17 - Responsibilities of Licensed Auctioneer
Section III-1701 - Advertising and Management of Sale
Universal Citation: LA Admin Code III-1701
Current through Register Vol. 50, No. 9, September 20, 2024
A. The auctioneer shall be responsible for the advertising and management of the sale and account for all proceeds therefore and shall, over his signature, issue a closing statement to the sellers.
B. All advertising of an auction sale must be made in the name of the licensee who shall bear responsibility of the sale to the seller, general public and auctioneer board. The current license number must be published.
AUTHORITY NOTE: Promulgated in accordance with R.S. 37:3112.
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