Auctioneer reserves the right to withdraw any item before or during the auction and also reserves the right to bid on behalf of the seller.

Only registered bidders may bid on the property being sold, any exceptions to this requirement shall be within the sole discretion of REALestate*****.COM and F**** C******.

No allowances, adjustments or rescission of the sale will be allowed based upon failure of the property to correspond to a particular need. The registered bidder will be responsible for any purchase made with his or her unique REALestate******.COM identity and password.  One should also note that as the auction nears the closing time the auction will automatically extend until the bidding is silent for 30 minutes.

A BUYER'S PREMIUM OF 10% PERCENT WILL BE ADDED TO THE SUCCESSFUL BID AND WILL BE USED TO ESTABLISH THE FINAL CONTRACT PRICE.

----My disclamation statement: This is a fictitious copy of a real estate auction game rules. No intention to refer to anyone. It is a coincidence if there is a match of words.

*****

What? Is it an AUCTION by the traditional definition of "auction" in a dictionary?

What a word of arrogance! Here we see one of those fancy devices used and invented by those MBA from the Ivy Tower!

I put my comment about this fictitious website in Chinese to my friend as follow: 按照其規則﹐就算依起標價 １50﹐０００計﹐再加傭金１０％﹐就是至少買價要不少於＄１65﹐０００。同時﹐拍賣人可以下場投標﹐拉高競標金額﹐這是『球員兼裁判』﹑『法官兼被告』﹐佔盡所有便宜﹐非常不公平 (very unfair)。就別浪費時間吧﹗Well, in short, my comment on the website is "It is a marketing scam, a fake auction."

There are some decent and well-established auction sites out there. Just don't waste your time on this new one where they can arrange "straw men" to bid up the price (like the post inside Seattle buses: "we have plain clothes police on board." You don't even know who they are there and they have the "legal" right to do it without your notice.)  Humm, a Judge is also a player or defendant? 

They have all the rights whatever, and where is your right for you, the consumer? In short, your bidding is binding on you, but it is just a piece of tissue with no legal binding effect to the seller or auctioneer.  Too MUCH unfair!  Well, all I can say is "life is too short to deal with jerks."  It is you, a dummy, putting yourself in that game.  Now, are you going to ask more government regulations in this so-called "unregulated" area?

They even charge 10% buyer premium to give a phony impression of low price for a buyer to overlook what the actual end bid price is. In addition, they make it very clear "all the bids subject to seller's approval." 

What on the Earth they believe they can claim they are truly doing an auction!

Hummm, just like some people are creative enough to say the two same sex human beings can still marry to meet the definition of "marriage."

Hummm, just like some government people copy the "rebate" program from "BEST Guy" to give the first time buyers tax credit of $8,000 after they buy a house. They make it sound so modern and creative in impression. Why don't you just give them $8,000 upfront to make up or "add" up the amount of down payment, to make a banker more comfortable to approve a loan and to ease credit crunch?

Well, I am an old fashion guy, honest down to Earth, may be too old to learn the new tricks and don't understand the rationale in their plans too.

Nowadays, I always keep myself wondering if it is possible to have 3 adult persons or more had one certificate of "marriage", even that piece of paper carries NO better function than a piece of toilet tissue?