71Conditions of public auctions to be made available before auction starts

71 Conditions of public auctions to be made available before auction starts

(1)  A real estate agent must not conduct a public auction of land unless, a reasonable time before the start of the auction, the agent has made available for public inspection a copy of the conditions under which the auction is to be conducted.

Penalty:  Fine not exceeding 50 penalty units.

(2)  Subsection (1) is to be taken not to have been complied with unless –

(a) the conditions were made available for public inspection at least 7 days before the start of the auction; and

(b) their availability was published in such a manner as to bring their availability to the attention of persons likely to attend the auction; and

(c) the conditions were also on display for public inspection immediately before the auction at the place where it was to be conducted.