What is required for a licensee to legally advertise an auction?

To legally advertise an auction, a signed auction listing is crucial because it serves as a formal agreement between the auctioneer and the seller. This document outlines the terms and conditions of the auction, such as the date, location, and items being sold. Having this agreement in writing not only ensures that the auctioneer has the legal right to promote and conduct the auction but also protects all parties involved by clearly stating their rights and responsibilities.

While other options may be involved in the auction process, they do not fulfill the specific legal requirement for advertising. A verbal agreement lacks the necessary legal documentation, a marketing certificate may not be relevant to the auction's legality, and a financial deposit may pertain to the auction process but does not address the requirements for advertising it effectively. Therefore, a signed auction listing is essential to ensure compliance with legal standards and to safeguard both the auctioneer and the seller's interests.