What are auctioneers required to disclose?

Auctioneers are required to disclose all conflicts of interest to all participants to ensure transparency and fairness in the bidding process. This requirement is essential because it helps maintain the integrity of the auction and builds trust between the auctioneer and participants.

When auctioneers reveal any conflicts, such as personal or financial ties to the items being auctioned or relationships with sellers or buyers, it allows participants to make informed decisions. This transparency is crucial in preventing unethical practices, such as favoritism or collusion, which could undermine the auction's integrity.

The other options do not meet the requirements set for auctioneers regarding transparency. For example, concealing financial interests or personal motives does not align with ethical practices. Lastly, while information about past auction results could be beneficial for bidders, it is not a mandated disclosure like conflicts of interest.