(1) An owner or operator of a livestock market shall keep a record of:
(a) the date a consignment of livestock is received for sale together with the number of each type of livestock within the consignment;
(b) the name and address of the buyer;
(c) the date of sale and the number and species of livestock purchased by the buyer; and
(d) the description and brand appearing on each animal at the time of sale to the buyer.
(2) An owner or operator of a livestock market shall retain the records mandated by this section for a period of two years from the date on which the livestock market sold the livestock.
(3) A schedule of the fees and commission rates charged by the livestock market shall be posted in a conspicuous place on the premises of each market.
(4) A statement of the gross sales price, commission, and other fees charged for the sale of a consignment shall be available for inspection by the department, and a copy furnished the owner or consignor of the livestock.