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Virginia Administrative Code
Title 18. Professional And Occupational Licensing
Agency 25. Auctioneers Board
Chapter 21. Regulations of the Auctioneers Board
11/21/2025

18VAC25-21-140. Documentation.

A. Upon completion of the licensee's service, each owner must be given legible copies of bills of sale, itemized accounting of all items auctioned, consignment sheets, settlement papers, balance sheets, and other evidence to properly account for all items sold at auction.

B. The licensee is required to maintain, for a period of three years from date of settlement, all items in subsection A of this section, the contract, and buyer records. These business records must be available for inspection by the board or its designees upon request.

Statutory Authority

§§ 54.1-201 and 54.1-602 of the Code of Virginia.

Historical Notes

Derived from VR150-01-2:1 § 4.5, eff. August 1, 1995; amended, Virginia Register Volume 32, Issue 1, eff. November 1, 2015; Volume 42, Issue 1, eff. October 1, 2025.

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