812 Ind. Admin. Code 1-1-20

Current through December 4, 2024

Section 812 IAC 1-1-20 - Real estate sales; powers and duties of auctioneers

Authority: IC 25-6.1-2-5

Affected: IC 25-6.1-6

Sec. 20.

A licensed auctioneer may advertise and sell real estate at auction. The licensee shall have an executed contract or agreement with the owner or seller containing the terms and conditions upon which licensee receives or accepts the real estate for sale at auction. The licensee shall conduct the bidding and announce the culmination thereof. No further acts necessary to transfer title to the real estate shall be performed by the licensee.

812 IAC 1-1-20

Indiana Auctioneer Commission; Rule 21; filed Oct 7, 1977, 3:25 pm: Rules and Regs. 1978, p. 168; readopted filed May 22, 2001, 9:57 a.m.: 24 IR 3236; readopted filed Jul 19, 2007, 1:00 p.m.: 20070808-IR-812070044RFA; readopted filed November 25, 2013, 9:20 a.m.: 20131225-IR-812130278RFA

Readopted filed 11/26/2019, 3:42 p.m.: 20191225-IR-812190182RFA

Readopted filed 2/7/2024, 10:04 a.m.: 20240306-IR-812230773RFA