Other Free Encyclopedias » Law Library - American Law and Legal Information » Free Legal Encyclopedia: Approximation of laws to Autopsy » Auctions - Regulation, Agency Of Auctioneer, Conduct And Validity Of Sale, Rights And Liabilities Of Buyer And Seller - Compensation

Auctions - Regulation

license

As a legitimate business enterprise, auctions cannot be proscribed. They are not above reasonable regulation by both state and local authorities. Some states subject auction sales to taxation.

In the absence of statutes, any person can act as an auctioneer, but a license, which usually restricts his or her authority to a certain region, is often required. Licensing officers can refuse to issue a license, but only if done reasonably, impartially, and to promote the interest of the community.

Auctions - Agency Of Auctioneer [next]

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