Download PDF by Richard M. Courtenay Lord (auth.): Auctioning Real Property

By Richard M. Courtenay Lord (auth.)

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3. Achieve appointment as the Sole Agent The auctioneer always acts either as Sole or Joint Sole agent and this gives greater control over the marketing of the lot and a closer relationship with the vendor client. J. Generation of additional applicant traffic The process of auction brings a whole range of new applicants in touch with the agent. Hopefully, an auction lot will create additional visitors and enquiries to the agent's office, giving fresh opportunities to enlarge both the applicants' register and the property register.

St Marylebone Property Co. Ltdv Payne 1994 Another case involving photographs where the arrow on the photograph gave the impression that the property was larger than it was. The contract was rescinded and the deposit refunded. A case relating to auctions is Mainguild Ltd trading as Winkworth Auctioneers and London Borough of Croydon Trading Standards Office. This was among the first 50 prosecutions under the Property Misdescriptions Act 1991 where there was a misstatement relating to a flat which was on the third floor, but advertised and sold as being on the second floor.

No warranty or undertaking is given that any of the trading entities shown in any street trader plan is trading or is in actual occupation of the 48 Auctioning Real Property relevant property. Prospective purchasers must satisfY themselves in this respect. M. Stationery Office. M. Stationery Office and the reproduction must contain an acknowledgement to this effect. The printing of the acknowledgement is not sufficient in itself and without the necessary licence the Crown copyright is infringed.

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