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1RULES OF AUCTION AND SALE CONDITIONS DATE & TIME : VENUE :MONDAY, 02 SEPTEMBER 2024 @ 11H00 CORNER COMMERCIAL DR AND ORDINANCE RD, MARBURGAUCOR BLOEMFONTEIN (PTY) LIMITED 123131 JAN HOMER ROAD, DANCES,
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The rules of auction refer to the regulations that govern the conduct of an auction, ensuring fairness and transparency in the bidding process.
Auction houses and entities conducting the auction are required to file the rules of auction.
To fill out the rules of auction, one must provide details about the auction process, including bidding procedures, registration requirements, and terms of sale.
The purpose of the rules of auction is to establish a clear set of guidelines for the auction process to protect both the sellers and buyers.
Information that must be reported includes auction date, bidding increments, payment terms, and any applicable buyer's premiums.
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