- (a) Board-authorized to attend auctions. Auctioneer’s Licensing Board members or employees shall have the authority to attend any auction for the purpose of checking records of an auction and for any other purpose.
- (b) Settlement of proceeds made within ten (10) days. Settlement of any money received from the auction of another person’s goods shall be made within ten (10) business days of the auction.
- (c) Terms and conditions. Terms and conditions of each auction must be announced at the beginning of the auction.