Through exploring some of the principal issues, this note provides guidance to members who intend to conduct public auctions of plant and machinery, whether live on site or online.
It deals with the preparations for, and conduct of, the auction, including:
- acceptance and agreement of instructions
- pre-auction work
- the auction itself
- post-auction procedures
- complaints handling and disputes resolution
- legal responsibilities.
Highlighting common problems and areas of liability for the auctioneer, this guidance will ensure the role is undertaken efficiently and effectively.
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