What information must be included in all auction advertising by the principal auctioneer?

Including the principal auctioneer's name and license number in all auction advertising is crucial because it establishes transparency and accountability within the auction process. It ensures that bidders know who is conducting the auction, allowing them to verify the legitimacy and qualifications of the auctioneer. This requirement is put in place to protect both the bidders and the sellers by promoting ethical standards and professionalism in the industry. By having the name and license number present in advertising, participants can confirm that the auctioneer is licensed and authorized to conduct the auction, thus fostering trust within the auction community.

While the estimated auction date and time, a list of all items being auctioned, and the total estimated value of the auction can be helpful details for prospective bidders, the inclusion of the auctioneer's name and license number is a regulatory requirement that directly impacts the legality and integrity of the auction process.