What regulations do auctioneers have to follow?
There are a number of statutory regulations which auctioneers have to follow, including the Estate Agents Act 1979, and those for chartered surveyors which are the RICS rules of conduct. The particulars that the auctioneer creates about the property have to comply with the Property Misdescriptions Act 1991, and an auctioneer will often have to liaise with a solicitor to check that everything has been revealed to the public that is legally necessary.
