Section R162-2f-102 is proposed to be amended to define the terms "closing gift" and "inducement gift." Section R162-2f-401a is proposed to be amended to delete the current rule regarding inducement gifts. Section R162-2f-401i is proposed to be amended to require the following: 1) that the auctioneer be a licensed principal broker or affiliated with a licensed principal broker; and 2) that the auctioneer/auction company shall not advertise directly to an owner of real property who is already subject to an agency agreement. Section R162-2f-401l is proposed to be added to the rule to clarify that an inducement gift and/or a closing gift are not prohibited as an illegal sharing of a commission by a licensee.