480.14 – Conduct of auctions.
480.14 Conduct of auctions. (1) No auctioneer may conduct an auction unless the auctioneer or the auction company that is managing the auction has entered into a written contract with each owner or consignor of goods or real estate that may be sold at the auction. The contract shall specify the terms and conditions upon […]
480.01 – Definitions.
480.01 Definitions. In this chapter: (1) “Auction” means a sale transaction conducted by means of oral or written exchanges between an auctioneer and prospective purchasers of goods or real estate that consist of a series of invitations made by the auctioneer to the prospective purchasers for offers for the purchase of goods or real estate […]
480.02 – Applicability.
480.02 Applicability. (1) This chapter applies after February 28, 1995. (2) This chapter does not apply to any of the following: (a) An auction conducted by or under the direction of an official of the United States or of this state or a county, city, village or town in this state. (b) An auction required […]
480.04 – General duties and powers of board.
480.04 General duties and powers of board. (1) In addition to the other duties and powers of the board under this chapter, the board shall advise the secretary on matters relating to auctioneers or auction companies or to the board. (2) The board does not have rule-making authority. History: 1993 a. 102.