(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(Section scheduled to be repealed on January 1, 2030)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 auction; or (3) materially misrepresent the qualities or characteristics of any item offered for sale at auction. (Source: P.A. 101-345, eff. 8-9-19.)