What is the role of the auctioneer concerning buyer and seller rights?

The role of the auctioneer concerning buyer and seller rights is fundamentally about balancing interests and ensuring fair play in the auction process. By upholding and maintaining the rights of both parties, the auctioneer acts as a neutral facilitator. This includes ensuring that sellers receive a fair price for their items while also safeguarding buyers' rights to transparency and accurate information about the items being auctioned.

An auctioneer's responsibility extends to creating an equitable environment where both buyers and sellers can engage in the transaction with a sense of trust and confidence. This involves disclosing any relevant information that may affect the sale and adhering to ethical guidelines that protect the interests of both parties. Through this balanced approach, the auctioneer fosters a competitive atmosphere that benefits the auction process overall.