Can an auctioneer accept commission from both the seller and the buyer?

Accepting commission from both the seller and the buyer is permitted as long as full disclosure is provided to both parties. This means that the auctioneer must transparently inform the seller and buyer about the commissions being charged, ensuring that there are no hidden fees or surprises. Full disclosure aligns with the ethical standards and legal requirements set forth in auctioneering practices, promoting trust and fairness in transactions.

Many jurisdictions recognize that dual agency situations can be beneficial if all parties are aware of the arrangements. By clearly communicating the terms and conditions of the commissions to everyone involved, the auctioneer upholds their responsibility and maintains integrity in the sale process. Therefore, the practice of accepting commissions from both the seller and buyer, with full disclosure, is a legitimate and acceptable practice in auctioneering.