                                 CODE OF VIRGINIA

ADVERTISING; ABSOLUTE AUCTIONS INVOLVING REAL PROPERTY (§ 54.1-607)

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
&#8220;absolute&#8221; unless all lots included in the sale meet that criteria.

HISTORY: 2003, c. 367.