Ohio Rev. Code § 4707.022: Reserve auction presumed - absentee bidding - agent of owner or consignee.
Where this section sits in the code
- Title 47 Occupations-Professions
- Chapter 4707 Auctioneers
(A) An auction shall be a reserve auction unless explicitly stated otherwise in the contract for the auction and in the terms and conditions governing the auction. For purposes of a reserve auction, there need not be an announcement or indication that the reserve is attained.
(B) A person licensed under this chapter shall not use absentee bidding unless the owner of the real or personal property being sold provides prior written permission to use absentee bidding.
(C) A person licensed under this chapter shall be an agent of the owner or consignee of the real or personal property for purposes of all aspects of the auction.
Collected 2026-09-14T19:24:37Z. Source file · JSON