CIAN Basic Certificate Practice Questions - CIAN Basic Certificate In Auctioneering Exam

The property is sold to the highest bidder regardless of the final price, and the seller cannot withdraw the property once a bid is made. The seller reserves the right to accept or reject the final bid within a specified timeframe after the auction ends. The sale is only confirmed if the bidding reaches a minimum price previously established by the seller. The auctioneer is permitted to place bids on behalf of the seller to bid up the price of the asset.