To legally sell real estate at auction, which two licensees must be present?

To legally sell real estate at auction, the presence of an auctioneer and a broker is required. This is due to the fact that the auctioneer is responsible for conducting the auction, managing the bidding process, and ensuring compliance with the relevant laws and regulations regarding auctions. Meanwhile, the broker's role is crucial, as they are licensed professionals who must oversee the transaction to ensure that it is conducted properly and in accordance with real estate laws.

The collaboration between an auctioneer and a broker ensures that both the auction process and the real estate transaction adhere to legal standards, safeguarding the interests of both buyers and sellers. In jurisdictions like Kentucky, having both a licensed auctioneer and a licensed broker present helps to maintain the integrity of the auction process, providing a secure environment for real estate transactions.

Other combinations listed, such as a realtor and a buyer or a seller and a broker, do not fulfill the necessary legal requirements for conducting a real estate auction.