25. Auctioneers Practice Rules 2009

The Rules provide for the practice of auctioneering includes rules of conduct, fees charged and continuous development education.

Quick Link: http://www.kenyalaw.org/lex//sublegview.xql?subleg=CAP.%20526#doc-1

· These rules apply to and bind all auctioneers by requiring every practising auctioneer to sign, subscribe and bind themselves to them upon registration. Under these practice rules, no auctioneer should either directly or indirectly undercut the fees set out in the Auctioneers Fee Schedule. The Rules also prohibit sharing of costs or profits with any other person who is not an auctioneer or other fully qualified agent. An auctioneer employed by an unqualified person must not execute instructions within the scope of their licence or render services to their employer for which the employer charges fees and retains such fees. Auctioneers are also obligated to ensure that they attain the best value for goods sold at auctions. The Auctioneers Licensing Board issues licences to practising auctioneers on an annual basis and arranges mandatory continuous professional development sessions.