An auctioneer who advertises real estate shall comply with the following requirements:
- (1) Auction advertisements that include real estate must disclose the name of the real estate firm and auctioneer licensed with that firm who will be conducting the auction;
- (2) Advertising real estate for sale at which some parcels will be auctioned with reserve and some parcels will be auctioned without reserve shall clearly and conspicuously indicate this fact to the public; and
(3)
- (A) An auctioneer shall disclose the existence of any buyer’s premium to be charged to a buyer at an auction sale.
- (B) Such disclosure shall be made in all published advertising and disclosed prior to the start of an auction.