Hi T They are required by law to not under quote. Define an under-quote for an auction in today's market
When the price/bidding hits the range the house should be on sale and cannot be passed in. It is the sellers prerogative to choose the price that it sells for / the agent must do what the seller wants
So if the seller is not willing to sell in the range stated. They have under quoted. Illegal. It would appear that you have never been a nervous auction seller What has under quoting got to do with that
Simple, eh? An auction is never simple, you get the house when and only when the auctioneer says sold
