§ 54.1-607 Advertising; absolute auctions involving real property
A. No advertisements for any auction sale of personal or real property shall contain false, misleading, or deceptive statements, with respect to types or conditions of merchandise offered at auction, why merchandise is being sold, who has ownership, where the merchandise was obtained, or the terms and conditions of the auction and sale.
B. No auctioneer shall advertise an auction sale of real property as “absolute” unless all lots included in the sale meet that criteria.
History
This law was first created in 2003. The record of its establishment is cataloged in chapter 367 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2003, c. 367.