Auction conditions

Terms — Lehigh Valley, Pennsylvania — Wlazelek Auction Gallery Inc. What do you need to know about auctions? What is the 7th edition of Auction Conditions? Can a vendor increase the price of an auction?

How do you register to bid at an auction?

A more general Conditions of Web Site Use agreement is also linked here so users are aware that other agreements exist and apply. See full list on termsfeed. Since participating in an auction implies a legal contract between buyer and seller, it is important that all users be eligible to enter into a legal contract.

The process for registration and sale are a little different for an auction website, so it may be necessary to describe the process as well as any conditions that apply therein. Most auction platforms include a range of rules and regulations that apply to sellers and listings. Chances are your auction platform charges a small fee from either the seller, the buyer or possibly both.

If you have fees, spell them out in your Terms and Conditions so your users know what to expect. Although you will need a separate Privacy Policy, you can include a short clause about privacy in your Terms and Conditions and link your full Policy to it.

This is usually a simple statement like this one from Globe Auction : This clause briefly discloses that users consent to the use of their personal information during registration and auction participation. They also state that personal information would be divulged to a seller if a bidder buys an item. This short clause is enough to let users know that their personal information is being used and that they should check out the full Privacy Policy for more details.

If your website offers the possibility of international sellers, buyers, and shipping, lay out your international policies in your TC. In fact, this is one of the most important benefits to having a Terms and Conditions agreement in the first place. In this example, Gem Rock Auctionslists its rules for user activity and user-generated content. Another section that may be necessary in the case of user-generated content is a clause that expresses your right to monitor and edit content, whether it be product postings, reviews, comments, or otherwise. This will help to prevent disputes with users in the event that you need to edit or delete abusive, illegal, or otherwise prohibited user content.

This clause will likely be all you need to put a stop to user disputes regarding changed or deleted content. This is another way to safeguard your company against user complaints. The following conditions apply: The principal’s reserve price must be given in writing to the auctioneer before the auction commences. A bid for the seller cannot be made unless the auctioneer has, before the commencement of the auction , announced clearly and precisely that a bid may be made on behalf of the seller by the auctioneer.

Before the auction can start the auctioneer must announce that the standard conditions of auction apply as binding contractual obligations. Throughout the auction , the auctioneer or the agent must keep a written record of any bids made, who made them and the outcome of the auction. Buyers participating in Palm Beach Modern Auctions ’ (“PBMA”) auction acknowledge and accept the following “ Auction Terms and Conditions. In the “ Auction Terms and Conditions ,” the terms “you,” “your,” “buyer,” “bidder,” or similar terms mean a person bidding on or buying property.

In-Person Registration To register in person to bid at the sale location before the auction begins, you will need to create an account and provide a government-issued proof of identity such as a driver’s license or passport.

The amount of the Cancellation Fee and acceptable payment methods will be shown during registration. Unless otherwise specified on the Property Page, the Purchase Documents are non-negotiable. All Offers should be b. Irrevocability of Offers. Signing Purchase Documents.

Participant must coordinate any such inspection with Seller. Winning Buyer must sign the Purchase Documents within one business day after they are sent to Winning Buyer (unless a longer timeframe is specified in writing by Auction.com), time being of the essence. If Winning Buyer fails to timely sign the Purchase Documents, Auction. Payment of Earnest Money Deposit.

The starting bid is not the Reserve Price. Seller on any Property up to the amount of the Reserve Price (and no such bid will result in a sale of the Property). Except where prohibited by law, Auction. Seller may accept a bid that is below the Reserve Price in its sole and absolute discretion. Regardless of the Reserve Price, Seller is under no obligation to sell a Property until the Purchase Documents have been signed by the Seller.

Proxy Bids may be placed by bidders for select properties online when available. Proxy Bid amount during the auction in response to bids from other bidders and counterbids. If any Proxy Bids are equal to each other , the Proxy Bid entered shall be on behalf of. We encourage real estate broker and agent participation.

A cooperating broker commission or referral fee may be offered for some Properties. Event, rearrange the order or sequence of the Properties in the Event, modify these Terms by posting notice of modification on the Property Page, remove any Property from the Event, or reject any or all Offers. These Terms and the conduct of each Event shall be governed by the laws of Florida except in the case of auction Events involving real property located in California.

With respect to auction Events involving real property located in California, these Terms and the conduct of each. COM MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIE WITH RESPECT TO ANY PROPERTY, OR THE LEGAL SUFFICIENCY OR TAX CONSEQUENCES OF ANY DOCUMENT PROVIDED BY AUCTION. EACH PARTICIPANT HEREBY RELEASES AUCTION.

COM AND ITS EMPLOYEES, OFFICERS, DIRECTORS, REPRESENTATIVES, ATTORNEYS, BROKERS AND AGENTS (COLLECTIVELY, “REPRESENTATIVES”) FROM ANY AND ALL CLAIMS THAT ANY SUCH PARTICIPANT MAY NOW HAVE OR HEREAFTER ACQUIRE AGAINST AUCTION. COM OR ANY OF ITS REPRESENTATIVES FOR ANY DAMAGE OR INJURY RESULTING FROM OR RELATING TO ANY ERRORS, OMISSIONS OR OTHER CONDITIONS AFFECTING ANY PROPERTY, THE DOCUMENTS USED IN EVALUATING OR ACQUIRING ANY PROPERTY, OR THE CONDUCTING OF ANY EVENT. THIS RELEASE INCLUDES CLAIMS OF WHICH PARTICIPANT IS PRESENTLY UNAWARE OR DOES NOT PRESENTLY SUSPECT TO EXIST IN PARTICIPANT’S FAVOR WHICH, IF KNOWN BY PARTICIPANT, WOULD MATERIALLY AFFECT PARTICIPANT’S RELEASE OF AUCTION. This 7th edition includes the following revisions and features: now a professional statement not a guidance note, Common Auction Conditions has been incorporated at the end of the professional statement and revised guidance on guide prices following recent decisions from the Advertising Standards Authority.

The first bid made is the winning bid and in a sale, assuming that the price. If you do not understand any of these terms or conditions , please ask a staff member for clarification before registering. No personal or business checks please. You agree to be bound by and pay all fees according to the terms of this Agreement and the Auction House’s own terms and conditions.

A publication advertising and describing the property(ies) available for sale at public auction , often including photographs, property descriptions and the terms and conditions of the sale. Clerk: The person employed by the principal auctioneer or auction firm to record what is sol to whom and for what price. You should follow these silent auction rules because you need to have the correct procedures in place. These rules for silent auctions cover legal clauses, bidder registration, item descriptions, the bidding process, and checkout procedures along with some organizational tips. Although it is illegal to disrupt an auction , you are allowed to ask the auctioneer a reasonable number of questions during the auction about the property, the contract, or the auction.

If you are bidding, you can also ask the auctioneer to indicate who else made a bid. Auctioneers provides industry leading equipment disposition services and market insights through its software, services and tools that enable you to learn about, and bid on and sell, items at our live auctions and other sales events. BIDDERS’ CONDITIONS OF BUSINESS 1. Please ensure that you read and understand these Bidders’ Conditions of Business (“ Conditions of Business”) prior to bidding on a motor car or any other lot (“Lot(s)”) at this or any other RM Auctions , Inc.

RMA”) or RM Sotheby’s (“RMS”) auction (RMA and RMS together are “RM”).