|
Q：
|
How to handle the property rights transfer procedures for auction items?
|
|
A：
|
If the auction item needs to go through the procedures of license and certificate change or property rights transfer in accordance with the law, the consignor and the buyer shall, with the transaction certificate and relevant materials issued by the auctioneer, handle the procedures with the relevant administrative authorities.
|
|
Q：
|
How is the commission charged by the auctioneer determined?
|
|
A：
|
The consignor and the buyer may agree with the auctioneer on the proportion of the commission.
|
|
Q：
|
How does the auctioneer collect the commission when the auction is concluded but no commission ratio is agreed upon?
|
|
A：
|
If the consignor, the buyer and the auctioneer have not agreed on the commission ratio and the auction is successful, the auctioneer may charge each of the consignor and the buyer a commission not exceeding five percent of the auction transaction price. The proportion of commission charged is determined in accordance with the principle that it is inversely proportional to the auction transaction price.
|
|
Q：
|
How does the auctioneer collect the commission if the auction fails?
|
|
A：
|
If the auction fails to be concluded, the auctioneer may charge the consignor the agreed fee. Where no agreement has been made, reasonable expenses incurred for the auction may be charged to the consignor.
|
|
Q：
|
How does the auctioneer collect the commission when the auction of a judicial item is concluded?
|
|
A：
|
If a judicial auction item is successfully auctioned, the auctioneer may charge the buyer a commission not exceeding five percent of the auction transaction price. The proportion of commission charged is determined in accordance with the principle that it is inversely proportional to the auction transaction price.
|
FAQ
