Who regulates auction houses?

National Association of Valuers and Auctioneers
The National Association of Valuers and Auctioneers (NAVA) is a professional self-regulating body solely concerned with valuers and auctioneers. Their website contains comprehensive information for buying or selling at auction, looking for a valuer or need some guidance on auction terminology.

What are the objects of the Auction Code of conduct?

Auction Code of Conduct 1. OBJECT OF CODE 1.1The objects of this Code are to: (a)Regulate and standardise the procedures of members of REIWA when conducting auctions. (b)Provide consumer protection for both sellers and buyers in the auction process. 1.2The objects of this Code set out in clause 1.1 above shall be achieved by:

What is the National Auctioneers Association code of ethics?

Members of the National Auctioneers Association recognize this factor and are committed to providing the elements necessary to meet that level of trust. The NAA’s Code of Ethics exists to encourage the thoughtful consideration of ethical standards for auction professionals in their fostering of those relationships.

What are the rules of auction for real estate?

Any portion of the terms and conditions relating to the description of the property shall be read aloud by the Auctioneer appointed to conduct the auction of the property at the commencement of that auction. 5.2Before commencement of the bidding for a property, the Auctioneer shall announce whether the Seller is selling with a reserve price.

What is the Code of Conduct for Reiwa auctions?

BREACHES OF THIS CODE 9.1Consumers and members of the real estate industry may lodge complaints with REIWA if they believe that a member of REIWA has breached any term of this Code of Conduct or the REIWA Member’s Codes of Practice.

Which is the best code of Conduct for auctioneers?

SAIA is a voluntary guild of likeminded auctioneers who subscribe to a strict code of ethics and conduct which has become the benchmark for the auction profession. SAIA is recognized by stakeholders in the industry as the vanguard of ethical business practice and the gatekeeper of good governance

What are the duties of an auctioneer member?

Members owe the Customer the duties of honesty, integrity and fair dealings at all times. BUSINESS PRACTICE: Members should provide a clear understanding of all terms and conditions of an auction.