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This is a legal agreement between you, the user, and Site Owner d/b/a James Land Company
Bidding on REAL ESTATE indicates your intent to purchase the REAL ESTATE. With your acceptance of the site rules and your registration you indicate your willingness and ability to close the transaction if you are the winning bidder concurrently with the payment of the Buyer Premium described herein. Bids cannot be cancelled once they are submitted. Upon receiving notification that you are the winning bidder you are obligated to purchase the REAL ESTATE. You agree to pay all fees incurred from your use of this Website. All fees incurred in connection with this Website are non-refundable. This includes, but is not limited to, a BUYERS PREMIUM which is also known as an internet transaction fee. This fee applies to properties you purchase as a winning bidder and applies during a specific HOLDOVER PERIOD as follows: If you are activated to bid in a specific auction where there is no winning bid declared, but during the 185 days following the closing of the auction you enter into a buy/sell agreement with the Seller pursuant to a listing held by the current listing broker who posted the property for auction, the buyer’s premium will apply. Do not place a bid if you do not understand this paragraph and the calculation of the buyer’s premium associated with a transaction. .
a. To list your property with a real estate broker who is currently licensed in the state or country in which your property is located.b. To meet the underwriting requirements of Site Owner regarding the suitability of your property and its packaging for online auction sale. These requirements will include, but are not limited to, a reasonable review of value. Acceptance or denial of a property for posting on this site will be determined in the sole judgment of Site Owner.
c. To abide by all site rules current at the day of placing your property for auction.
d. To not inflate the price of your real estate by bidding on the property yourself or through third parties.
e. To not infringe on any third party copyright, trademark, service mark or patent.
f. To not engage in any other fraudulent or illegal activity.
For more information on using James Land Company, please consult the following.
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