Each auctioneer shall post for display and describe at the beginning of each auction the conditions of the auction sale. The conditions must indicate: [PL 1999, c. 146, §5 (NEW).] 1. Sold "as is." Whether the property is sold "as is"; [PL 1999, c. 146, §5 (NEW).] 2. Highest bidder acknowledged. Whether the highest bidder at the completion of the sale will be acknowledged by the auctioneer; [PL 1999, c. 146, §5 (NEW).] 3. Reserve. Whether the auction is with reserve or without reserve and the acceptable manner of bids; [PL 1999, c. 146, §5 (NEW).] 4. Absentee bids. Whether absentee bids are allowed; [PL 1999, c. 146, §5 (NEW).] 5. Sales tax. Sales tax requirements; [PL 1999, c. 146, §5 (NEW).] 6. Auctioneer or consignor bidding. Whether or not the auctioneer or consignor reserves the right to bid; [PL 1999, c. 146, §5 (NEW).] 7. Uniform Commercial Code. A statement that Title 11, section 2-328 applies to this auction sale; [PL 1999, c. 146, §5 (NEW).] 8. Statement of buyer's premium. A statement of the buyer's premium and any other charges to the bidders or any other persons in attendance; and [PL 1999, c. 146, §5 (NEW).] 9. Title and address. The title and address of the board. [PL 1999, c. 146, §5 (NEW).]
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