As used in this chapter, unless the context requires a different meaning:
“Absolute auction” means an auction where at the time of the auction sale the real or personal property
to be sold will pass to the highest bidder regardless of the amount of the highest
and last bid.
“Auction” means the sale of goods or real estate by means of exchanges between an auctioneer
and members of his audience, the exchanges consisting of a series of invitations for
offers made by the auctioneer, offers made by members of the audience, and acceptance
by the auctioneer of the highest or most favorable offer.
“Auction firm” means any corporation, partnership or entity, except a sole proprietorship, performing
any of the acts of an auctioneer as defined in this section.
“Auctioneer” means any person who conducts or offers to conduct an auction.
“Board” means the Auctioneers Board.
“Director” means the Director of the Department of Professional and Occupational Regulation.
“Goods” means any chattels, merchandise, real or personal property, or commodities of any
form or type which may be lawfully kept or offered for sale.
“Person” means any natural person, association, partnership, or corporation, and the officers,
directors, and employees of a corporation.
“Virginia licensed auctioneer” means any auctioneer who meets the requirements for licensure as prescribed by the
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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