Who originates the auction quote range Kingpins?
The Seller? The Real Estate agent? The Auctioneer?
If a bid goes into the Range Quoted it should be “On the Market” to be sold at the final bid once it hits the range.
But they piss fart around, with no bids and then a vendor bid to get it started. Then maybe someone bids. And then maybe someone else bids and then after a while, they may say it is on the market. May say it is on market.
If it is in the stated range it should be “One the Market” to be sold to the highest bidder.
If it isnt the quote range was a LIE ! Illegal.
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- Property
- Reserve price by seller. Underquoting. Illegal.
Reserve price by seller. Underquoting. Illegal., page-19
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