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1RULES OF AUCTIONAndCONDITIONS OF STALEMATE OF AUCTION: TIME OF AUCTION:04 JULY 2024 11H00IN2ASSETS PROPERTIES (PTY) LTD Registration Number 2001/018431/07 Unit 503, 5th Floor, Strauss Day Place,

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What is residential online auction?

A residential online auction is a platform-based method of selling or purchasing real estate properties where bidders can participate in an auction format via the internet, allowing buyers to place bids on residential properties remotely.

Who is required to file residential online auction?

Individuals or entities that engage in the buying or selling of residential properties through an online auction platform are typically required to file a residential online auction.

How to fill out residential online auction?

To fill out a residential online auction, participants must complete an auction application or registration form on the auction platform, providing necessary information such as personal details, property information, and agreeing to the terms and conditions of the auction.

What is the purpose of residential online auction?

The purpose of a residential online auction is to facilitate the sale of residential properties in a transparent and competitive bidding environment, enabling sellers to reach a broader audience and buyers to find properties at potentially lower prices.

What information must be reported on residential online auction?

Information that must be reported on a residential online auction includes property descriptions, auction dates, starting bids, bidder identification details, and any relevant disclosures regarding the property's condition and legal status.

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