16 DCMR 1103

1103. CONDUCT OF AUCTION SALES

Length: 148 wordsOfficial source

Cite as D.C. Mun. Regs. tit. 16, ยง 1103

1103 CONDUCT OF AUCTION SALES 1103.1 No person offering for sale of selling any real or personal property at public auction in the District of Columbia shall, directly or indirectly, employ any person or persons for the purpose of puffing or bidding up the price of the property to be sold with no intention of purchasing the same, but with the intention of raising the price upon bona fide bidders. 1103.2 No person, firm, or corporation shall, directly or indirectly employ any person or persons known as "encouragers," who are not the criers of the property, but who pretend to be bona fide bidders and endeavor to induce bona fide bidders to purchase any of the property offered at auction. 1103.3 No licensed auctioneer shall conduct an auction sale for any person knowing that the person, directly or indirectly, employs "puffers" or "encouragers" in violation of this section.
16 DCMR 1103: 1103. CONDUCT OF AUCTION SALES | Justis AI