32 M.R.S. §299: Conditions of auction sales

Each auctioneer shall post for display and describe at the beginning of each auction the conditions of the auction sale. The conditions must indicate:

1. Sold "as is." Whether the property is sold "as is";

2. Highest bidder acknowledged. Whether the highest bidder at the completion of the sale will be acknowledged by the auctioneer;

3. Reserve. Whether the auction is with reserve or without reserve and the acceptable manner of bids;

4. Absentee bids. Whether absentee bids are allowed;

5. Sales tax. Sales tax requirements;

6. Auctioneer or consignor bidding. Whether or not the auctioneer or consignor reserves the right to bid;

7. Uniform Commercial Code. A statement that Title 11, section 2‑328 applies to this auction sale;

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

9. Title and address. The title and address of the board.