Louisiana § RS 37:3124 - Compensation of auctioneers
Full text of Louisiana Louisiana Civil Code § RS 37:3124 — Compensation of auctioneers, with citation guidance and answers to common questions.
§ RS 37:3124. Compensation of auctioneers
A.(1) No auctioneer shall demand or receive a higher compensation for his services on judicial sales of immovable property made under order of court than a commission of seven percent on the amount of each adjudication made by him.
(2) On sales of succession property in which minors have an interest, property belonging to minors or in which they have an interest, and of property surrendered by insolvents made pursuant to an order or decree of any court of the state, the auctioneer shall not demand or receive a commission on each adjudication of more than four percent on the first ten thousand dollars and two percent on the excess. However, in cases where minors are interested, these lower rates shall be charged only on their proportionate share of the property, reserving to the auctioneer the right to receive the regular rate on the remainder of the interest involved.
(3) Upon sales of movables, the commission shall not be more than ten percent as to judicial sales.
B. On all sales made by the representative of a succession or syndic or an insolvent, there shall be a commission of no more than two percent.
C.(1) The auctioneer shall include in all advertisements, including but not limited to newspaper, radio, television, and brochures, the amount of any buyer's fee that will be charged.
(2) The auctioneer shall post in writing at the registration desk, in a conspicuous place, the amount of any buyer's fee.
(3) Upon opening an auction, the auctioneer shall verbally announce the amount of any buyer's fee, explain what the fee is, how such fee will be paid, and how the fee will work.
Acts 1986, No. 564, §4, eff. July 2, 1986; Acts 1999, No. 637, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 37:3124
What does Louisiana Civil Code § RS 37:3124 cover?
Section RS 37:3124 ("Compensation of auctioneers") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 37:3124?
A common citation format is "Louisiana Civil Code § RS 37:3124" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 37:3124 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.