Auctioneering
/ˌɔːkʃəˈnɪərɪŋ/
Definitions
- (n.) The business or practice of conducting public sales by bidding, often regulated by law to ensure fair dealing.
Auctioneering requires a license in many jurisdictions to protect consumers and sellers.
Related terms
See also
Commentary
Auctioneering is commonly subject to statutory regulation; drafting laws should clearly define licensure and conduct standards to avoid ambiguities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.