Malaysia legislation
Section 4
Section 4
(2)
The auctioneer shall not—
(a)
buy on his own account property which he is employed to sell provided that he may purchase such property as the agent of any person employing him in such behalf;
(b)
dispose of any property entrusted to him by private contract without the consent in writing of the owner;
(c)
depute another person to act in his behalf without special sanction in writing given to such person.
Commission and fees