Can the Auction Commission regulate the amount of commission charged to sell real estate?

The statement that the Auction Commission can regulate the amount of commission charged to sell real estate is false. In Georgia, the commission rates charged by auctioneers are generally determined by the market and the agreement between the auctioneer and the seller. This allows for flexibility and negotiation, enabling auctioneers to establish their commissions based on various factors such as the nature of the property, market conditions, and the specifics of the auction itself.

Market forces, rather than regulatory mandates, typically dictate commission structures in most cases. Auctioneers operate under the premise that competition will influence their fees, leading to a commission rate that reflects the services being provided and the unique circumstances of each sale. The Auction Commission does not involve itself in setting or regulating these commission rates, thus supporting a marketplace approach where auction firms and clients can negotiate their terms freely. Therefore, since the Auction Commission does not control commission amounts, the answer is correctly identified as false.