201 KAR 11:115.
RELATES TO: KRS
AUTHORITY: KRS Chapter 13A
FUNCTION, AND CONFORMITY: To inform and set certain standards for the licensees
and to protect the public.
Section 1. Any
real estate broker who advertises real property at absolute auction is
obligated to the public to sell said property to the highest bona fide bidder
on the day of the auction. (KSREC-15 (Rule 34); 1 Ky.R. 598; eff. 4-9-75.)