Each auctioneer shall post for display and describe at the beginning of each auction the conditions of the auction sale. The conditions must indicate:

1. 1. Sold "as is." Whether the property is sold "as is";

   [PL 1999, c. 146, §5 (NEW).]

2. 2. Highest bidder acknowledged Whether the highest bidder at the completion of the sale will be acknowledged by the auctioneer;

   [PL 1999, c. 146, §5 (NEW).]

3. 3. Reserve Whether the auction is with reserve or without reserve and the acceptable manner of bids;

   [PL 1999, c. 146, §5 (NEW).]

4. 4. Absentee bids Whether absentee bids are allowed;

   [PL 1999, c. 146, §5 (NEW).]

5. 5. Sales tax Sales tax requirements;

   [PL 1999, c. 146, §5 (NEW).]

6. 6. Auctioneer or consignor bidding Whether or not the auctioneer or consignor reserves the right to bid;

   [PL 1999, c. 146, §5 (NEW).]

7. 7. Uniform Commercial Code A statement that Title 11, section 2‑328 applies to this auction sale;

   [PL 1999, c. 146, §5 (NEW).]

8. 8. Statement of buyer's premium A statement of the buyer's premium and any other charges to the bidders or any other persons in attendance; and

   [PL 1999, c. 146, §5 (NEW).]

9. 9. Title and address The title and address of the board.

   [PL 1999, c. 146, §5 (NEW).]

PL 1999, c. 146, §5 (NEW).