| This
page on Auction Mandates deals with the simple
benefits and disadvantages from the sellers
perspective and is mearly to give you an
undesrstanding of the
process ... <<
Back |
|
|
| bidding
is controlled and regulated by the auctioneer
who has the sole right to regulate the auction
proceedure. Auctioneers could make use of ring
workers to assist with bidding, rinworkers are
there to bring bids to the attention of the
auctioneer. Ring workers are most used at large
auctions, in real estate auctions rinworkers are
seldom used, however ring workers may be used
during safari auctions
or multiple auctions. Bidding
at an auction is legally binding. Once the
auctioneer acknowledges your bid the bidder has
become the purchaser and therefore will be bound
by the terms and conditions applicable to that
auction...<<
Back |
|
|
|
The Auction Contract is to the benefit of the seller, as the seller is the
auctioneers client. Auction contracts are legally binding as to the content and
no other remedy under law overides the auction contract. The benefits to sellers
is that real estate is sold without suspensive conditions and therefore auctions
have fast become the preferred choice of selling real estate...<<
Back
|
|
