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Code of Ethics of the Auctioneers Association of Canada

PREAMBLE

Mission Statement - The Auctioneers Association of Canada is a dynamic organization promoting education and leadership for its members, consumers, and industry. The members agree to a Code of Ethics and to always act in an honest and professional manner.

Members of the Auctioneeers Association agree to be governed by the following code of ethics.

Relations to Clients

Article 1. Be fair to both the buyers and sellers.

Article 2. Endeavor to keep abreast of business conditions and matters of law so as to give intelligent and correct advice and service.

Article 3. When engaged to writing an appraisal will spend the proper time for study, inquiry, and deliberation of the value. The appraisal represents a professional service and will be in writing and is deserving of an appropriate fee. A member will never undertake an appraisal or offer an opinion on any property or contract in which he has any interest without a full disclosure of that interest..

Article 4. Before accepting a sale will advise honestly and intelligently the anticipated market value of the sale, the reasonable chance of the item/s selling, the commission and the expense rate and will offer a contract in writing to the seller.

Article 5. Provide a detailed timely report of the items selling price and the auctioneers settlement to the seller.

Relations to the Public

Article 6. Do their best to protect the public against fraud, misrepresentation, or unethical practices.

Article 7. Do their best to avoid misrepresentation of items and events advertised for auction.

Article 8. Maintain confidentiality of his buyers and sellers business. Relations to Other Auctioneers and the Association

Article 9. Members will maintain membership by paying the fees set by the Association and continue to meet the Code of Ethics set by the Association.

Article 10. Members will adhere to all legislative and legal requirements of the jurisdiction in which they operate.

Article 11. The Association has in place disciplinary procedures designed to resolve disputes with members who contravene the ethics of the Association.

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