Hi
For all those agents on here can someone tell me what the current rules are on phone bids or another person attending an auction on my behalf. I don't know if this is a REI or Fair Trading matter.
Without getting into discussion on the pros and cons of not attending personally I have come across two different attitudes of agents.
One (a large chain) was prepared to let a friend bid for me at auction if I completed their own office document giving authority with proof of ID.
The other agent (part of a local agency chain) would not accept a phone bid under any circumstances as conflict of interest (she would be voicing my bid), and a friend could not bid for me without having Power of Attorney.
I have inspected each property with the agent.
Thanks
For all those agents on here can someone tell me what the current rules are on phone bids or another person attending an auction on my behalf. I don't know if this is a REI or Fair Trading matter.
Without getting into discussion on the pros and cons of not attending personally I have come across two different attitudes of agents.
One (a large chain) was prepared to let a friend bid for me at auction if I completed their own office document giving authority with proof of ID.
The other agent (part of a local agency chain) would not accept a phone bid under any circumstances as conflict of interest (she would be voicing my bid), and a friend could not bid for me without having Power of Attorney.
I have inspected each property with the agent.
Thanks