WAA Code of Ethics

PREAMBLE

The public auction subjects all possessions to equitable public appraisal and competitive offer and thereby determines fair and current value of all personal goods and estates. The Auctioneer is the master of procedure and conduct of the public auction. The Auctioneer is a confidant of the public, an instrument of community progress and development. The Auctioneer is a dedicated individual who strives to achieve and maintain the highest standards of the profession. The Auctioneer shares with fellow Auctioneers a common responsibility for the professions integrity and honor. Such functions carry grave responsibilities and duties beyond ordinary business policy; therefore, the Auctioneer accepts and pledges to abide by the Golden Rule as the personal and business standard and to observe the Law of God and the Land in all personal dealings. The Auctioneer shall conduct business in accordance with the following Code of Ethics adopted by the Wyoming Auctioneers Association.

PART 1 — PROFESSIONAL RELATIONSHIPS

Article 1. In the best interest of the public, fellow Auctioneers and the Auctioneers own business, the Auctioneer should be loyal to the Wyoming Auctioneers Association.

Article 2. The Auctioneer should so conduct his business as to avoid disputes with his fellow Auctioneers, but in the event of a controversy between two Auctioneers who are members of the Wyoming Auctioneers Association, the Auctioneer should not resort to a law suit, but submit his/her difference to arbitration by the Wyoming Auctioneers Association, and the decision of such arbitration should be accepted as final and binding. If the dispute should be with a non-member, the Auctioneer should offer the services of this Board to arbitrate.

Article 3. Where a member is charged with unethical practice, the Auctioneer should promptly and voluntarily place all the pertinent facts before the proper committee for investigation and report.

Article 4. The Auctioneer should never publicly criticize a competitor, and where an opinion is especially requested, it should be rendered in conformity with strict professional courtesy and dignity.

Article 5. A member should not solicit the services of an employee of a fellow Auctioneer without the Auctioneer’s knowledge and consent.

Article 6. In the best interest of society, of his associates, and the Auctioneers own business, the Auctioneer should at all times be loyal the Wyoming Auctioneers Association, active in its works; and the Auctioneer should willingly share with his fellow-members the lessons of his experience.

PART 2 — RELATION TO CLIENTS

Article 7. In justice of those who place their interests in the Auctioneer’s hands, the Auctioneer should always endeavor to keep abreast of business conditions, to keep informed in matters of law and proposed legislation affecting such interests, so as to give intelligent business advice and effective service.

Article 8. In accepting the sale of real or personal property, the Auctioneer pledges to be fair to both seller and buyer, and to protect the owner’s interest as they would their own.

Article 9. When consulted for an appraisal of value or liquidation problem, a member should give a well considered opinion, reflecting expert knowledge and sound judgment, taking requisite time for study, inquiry and deliberation. The Auctioneers counsel represents a professional service which the member should render in writing and for which the member should make a reasonable charge. An Auctioneer should not undertake to give an appraisal or offer an opinion on any proposition on which the Auctioneer has a direct or even indirect interests, whiteout a full disclosure of such interest.

Article 10. Before accepting a sale it is the duty of the Auctioneer to advise the owner intelligently, honestly, unbiased, and impartially regarding the market value of the real /personal property and the reasonable chance of obtaining that value or above.

PART 3 — RELATIONS TO THE PUBLIC

Article 11. It is the duty of every Auctioneer to protect the public against fraud, misrepresentation or unethical practices in connection with the sale, disposal or liquidation of any real or personal property the Auctioneer is called upon to dispose of at public auction.

Article 12. It is the duty of a Auctioneer to ascertain all pertinent facts concerning every sale for which the Auctioneer is engaged, so that in offering the Auctioneer may avoid error, exaggeration and misrepresentation.

Article 13. An Auctioneer is a confidential trustee of the information given by the seller or gained by him through relationship and the Auctioneer must never disclose the gross receipts of a sale or any other information that would tend to be a violation of the profession.

Article 14. No special conditions, real or assumed, or inducements or directions from anyone relieve the member from his responsibility strictly to observe the Code of Ethics in this letter and spirit.

*NOTE: Auctioneer and Member are one and the same