18VAC25-21-140: Documentation

A. Upon completion of the licensee's service, each owner must be given legible copies of bills of sale, itemized accounting of all items auctioned, consignment sheets, settlement papers, balance sheets, and other evidence to properly account for all items sold at auction.

B. The licensee is required to maintain, for a period of three years from date of settlement, all items in subsection A of this section, the contract, and buyer records. These business records must be available for inspection by the board or its designees upon request.