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1-C
Your Account, including any information pertaining to it (e.g.: contact information, billing information, Account history and Subscriptions, etc.), is strictly personal. You may therefore not sell or charge others for the right to use your Account, or otherwise transfer your Account, nor may you sell, charge others for the right to use, or transfer any Subscriptions other than if and as expressly permitted by this Agreement (including any Subscription Terms or Rules of Use) or as otherwise specifically permitted by Valve.
Section 1-C...
http://store.steampowered.com/subscriber_agreement/
Edit: Ninja'd!
Yeah...
I still let you have a few to feel that special fuzzy feeling.
It's against the terms of service and a good reason to terminate the account. Valve is also not obligated to honour those sales.
Selling licenses is a hot topic, but until tested, there is no legal answerbut good arguments on either side.
Through the report function on their profile.