54.1-607 - Advertising; absolute auctions involving real property. - Virginia Statutes

§ 54.1-607. Advertising; absolute auctions involving real property.

A. No advertisements for any auction sale of personal or real property shallcontain false, misleading, or deceptive statements, with respect to types orconditions of merchandise offered at auction, why merchandise is being sold,who has ownership, where the merchandise was obtained, or the terms andconditions of the auction and sale.

B. No auctioneer shall advertise an auction sale of real property as"absolute" unless all lots included in the sale meet that criteria.

(2003, c. 367.)