(225 ILCS 407/15-5)

(Section scheduled to be repealed on January 1, 2030)

Sec. 15-5. Representations.

An auctioneer or
auction firm, or
the licensees, agents, or employees of an auctioneer or auction firm,
conducting an auction
or providing an auction service shall not:

(1) misrepresent a fact material to a purchaser's decision to buy at or by
auction;

(2) predict specific or immediate increases in the value of any item offered for sale at