What action must an auctioneer take in response to a written request from a seller within 90 days?

The correct response requires the auctioneer to provide names and purchase amounts from buyers when requested in writing by the seller within a 90-day timeframe. This obligation is grounded in the principle of transparency in auction transactions, where sellers have the right to know who is purchasing their items and for how much. This fosters trust and accountability between the auctioneer and the seller, ensuring that the seller has clarity regarding the outcomes of their auction items.

Providing this information allows sellers to keep track of their sold items and facilitates any potential follow-up they may need for customer relationships or accounting purposes. The regulation is designed to protect the interests of sellers and to ensure that auctioneers are operating with integrity and in accordance with established standards. Thus, it's essential for auctioneers to comply with such requests promptly, as it echoes the fundamental responsibilities they hold in the auction process.