When conducting an auction of residential property in Queensland, the auctioneer must:
Correct Answer
D) Disclose seller bids to other bidders and accept none above the reserve price
In Queensland the seller may bid, directly or through someone acting for them, only if the conditions of sale reserve that right. Under the Property Occupations Regulation 2014, the auctioneer must disclose to the other bidders that a bid is made by or for the seller, and must not accept a seller bid higher than the reserve price.
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