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Thursday, March 23, 2006
Kentucky to ban dual bloodstock agents

The U.S. State of Kentucky is to adopt a law that would require increased disclosure from agents in Kentucky horse sales and ban the practice of a single agent representing both buyer and seller. The new law exempts sales of horses for less than US$10,000.

The law came under pressure from buying breeders, who have accused their bloodstock agents of receiving undisclosed commissions from those who sold them horses.