Dual Agency

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Florida Sets Limit on Auction Rules

The Florida Department of Agriculture and Consumer Services claims it doesn't have the power to regulate certain aspects of horse sales in the state, but is prepared to publish proposed rules it says are intended to prevent unfair or deceptive trade practices.

Officials Meet on Proposed Kentucky Legislation

Negotiations over proposed Kentucky legislation that would require disclosure of ownership and veterinary records of horses sold at public auction were held Feb. 13 at Keeneland in Lexington, with some tentative settlement plans discussed that would table the bill for at least a year.

Survey Says: Require Agents to Disclose Commissions

A recent survey of Thoroughbred horse owners, breeders, managers, trainers, and bloodstock agents shows overwhelming agreement that bloodstock agents should be required to disclose the commission rates they receive to both the buyer and seller.

Jackson Tells Forum He Is Still Pushing for Reform

Jess Jackson reaffirmed his passionate commitment to help clean up unscrupulous tactics in the sales and auction industry Nov. 3 as part of an all-star cast discussing issues in the "Thoroughbred Industry Forum 2006" at Churchill Downs.

Jackson to Push for Licensing of Bloodstock Agents

Jess Jackson, the California winemaker who has been pushing for ethics reform in public and private horse sales since filing suit against three former advisers last September, should have felt right at home Wednesday while addressing a roomful of attorneys attending the University of Kentucky Equine Law Seminar in Lexington.

Never Have and Never Will

Dual agency without disclosure is fraud and it is against the law! We would like to make it clear that the signers of this document do not tolerate this, and that we never have and never will participate in these activities.

Kentucky Senate Passes Dual-Agency Legislation

Legislation that would protect buyers and sellers in equine transactions unanimously passed the Kentucky Senate March 15 and now heads to the House of Representatives for concurrence. The House previously approved a different version of the bill.

Dual Agency Bill Heads to Kentucky Senate Floor

Legislation that would protect buyers and sellers in equine transactions is on its way to the floor of the Kentucky Senate, though one lawmaker plans to offer two amendments. Meanwhile, horse industry representatives planned another meeting to hammer out a compromise on some language in the bill.

KEEP Supports Legislation on Dual Agency

The Kentucky Equine Education Project has given its support for legislation that would make it unlawful for anyone to represent both buyer and seller in a transaction involving horses without written permission of both parties.

Panel: Ethics Code for Horse Sales Needs Teeth

A code of ethics for the bloodstock industry must be firm and enforceable, officials said during a Dec. 9 panel discussion at the University of Arizona Symposium on Racing in Tucson. Otherwise, problems recognized by the industry will go uncorrected, they said.

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