When must a principal auctioneer's name and license be included?

The requirement for a principal auctioneer's name and license to be included in all advertising of the auction is grounded in the principles of transparency and accountability in the auction industry. This regulation ensures that potential bidders are fully informed about who is conducting the auction and that this individual is properly licensed and qualified. Including the principal auctioneer's details in every form of advertising—whether online or in print—promotes professionalism and helps in maintaining consumer trust.

This comprehensive approach protects consumers by ensuring they know who is responsible for the auction process, which is particularly important given the financial transactions involved in auctions. It also aligns with regulatory standards that aim to uphold ethical practices within the industry.