1. Avoid Undisclosed Dual Agency Problems. Sellers should enter into written agreements with their consignors or other agents, and agree upon commissions, reserve prices, and how disputes will be handled. You should also get an agreement from the consignor that all commissions will be fully disclosed to you. If a bloodstock agent, trainer, or
Conditions of Sale
Legal Tips for Purchasers at Horse Auctions
You do not have to risk being the victim of fraud or other legal issues when you set out to buy a horse at auction. Listed below are some ways prospective buyers can protect their interests and their equine investments:
1. Choose the Right Agent. No license is required for bloodstock agents to conduct business.