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PROXY BIDDER IS WRITTEN AUTHORITY AND PROOF OF PROSPECTIVE PURCHASER IS IDENTITY DISCLOSURE TO AGENT: Proxy Bidder must provide a copy of this document to agent for verification of written authority
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How to fill out proxy bidder39s written authority
How to fill out proxy bidder's written authority:
01
Start by obtaining the proxy bidder's written authority form. This form is typically provided by the auction house or organization conducting the auction.
02
Fill in your personal information accurately. This includes your name, address, phone number, and any other required contact details.
03
Specify the auction or event for which you are appointing a proxy bidder. Provide details such as the date, time, and location of the auction.
04
Indicate the name and contact information of the person you are appointing as your proxy bidder. It is crucial to choose someone you trust and who is familiar with the auction process.
05
Clearly state the bidding limits or instructions for your proxy bidder. Specify the maximum bid amount or any special instructions regarding certain items or lots.
06
Sign and date the proxy bidder's written authority form. Ensure that your signature matches the one on your identification documents to avoid any discrepancies.
07
If required, have the form witnessed by a third party. Some auctions may require a witness signature to validate the proxy bidding process.
08
Submit the filled-out form to the auction house or organization before the specified deadline. Ensure that you follow any additional instructions provided by the auction house regarding submission methods.
09
Keep a copy of the filled-out form for your records. This will serve as proof of your proxy bidding authority in case of any disputes or clarifications.
Who needs proxy bidder's written authority?
01
Individuals who are unable to attend an auction in person but still wish to participate in the bidding process.
02
People who have specific bidding instructions or bidding limits and want someone to represent their interests during the auction.
03
Anyone who wants to ensure their participation in the auction even if they cannot be physically present.
Note: The specific requirements for proxy bidder's written authority may vary depending on the auction house or organization. It is always advised to carefully read any provided instructions and clarify any doubts before filling out the form.
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What is proxy bidder's written authority?
Proxy bidder's written authority is a document that grants someone the power to bid on behalf of another person at an auction or sale.
Who is required to file proxy bidder's written authority?
The person who wishes to have someone bid on their behalf at an auction or sale is required to file proxy bidder's written authority.
How to fill out proxy bidder's written authority?
Proxy bidder's written authority can be filled out by providing the necessary details of the bidder and the person authorizing the bidding.
What is the purpose of proxy bidder's written authority?
The purpose of proxy bidder's written authority is to ensure that the bidding process is conducted in a transparent and authorized manner.
What information must be reported on proxy bidder's written authority?
Proxy bidder's written authority must include the name and signature of the person authorizing the bid, as well as the details of the bidder.
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