Conditions to follow at an auction

Auctions of both residential and rural properties are conducted under certain conditions that are set by law. The auctioneer must have these conditions on display prior to the auction so that you can go through them. Here the chief bidder is the consumer, subject to any reserve price and the property seller is entitled to single bid only. Before the auction starts the property auctioneer should announce if the seller has reserved the right to make a bid. The auctioneer has the right to refuse a bid if it is not in the interest of the seller. Also the auctioneer is not having the authority to admit a late bid, that is, a bid after the fall of the hammer. In case if there is an uncertain bid the auctioneer is the sole judge and makes the final decision. In case if there is a doubtful bid, the successful buyer's name should be given to the auctioneer as soon as possible. It is considered as an offence to collude with anyone to interfere with open and free competition at the auction for instance trying to arrange 'dummy' bids.