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BASIC TERMS AND CONDITIONS OF REAL ESTATE AUCTIONS

(Check for any special provisions or announcements regarding specific auctions)

Owner has the right to accept/reject the final bid.
10% Escrow due on the day of the Auction.
Possession upon closing within 30 days or sooner.
Closing within 30 days or sooner.
Taxes will be prorated.
Successful bidder enters into standard Texas Real Estate Contract.
Bids accepted only from registered bidders with bidder’s cards.
All information provided by Quality Auctioneers is obtained from sources believed to be reliable, but is not warranted. Bidders should perform independent investigation with regard to the property, as they deem necessary or appropriate.
All property being sold, “As Is, Where Is”
Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
Quality Auctioneers, Inc. Is Agents and Agents Only

Charles Macha, Auctioneer #6911

THE TEXAS REAL ESTATE COMMISSION (TREC) REGULATES

REAL ESTATE BROKERS AND SALES AGENTS, REAL ESTATE INSPECTORS,

HOME WARRANTY COMPANIES, EASEMENT AND RIGHT-OF-WAY AGENTS AND TIMESHARE INTEREST PROVIDERS

YOU CAN FIND MORE INFORMATION AND

CHECK THE STATUS OF A LICENSE HOLDER AT

WWW.TREC.TEXAS.GOV

YOU CAN SEND A COMPLAINT AGAINST A LICENSE HOLDER TO TREC

A COMPLAINT FORM IS AVAILABLE ON THE TREC WEBSITE

TREC ADMINISTERS TWO RECOVERY FUNDS WHICH MAY BE USED TO

SATISFY A CIVIL COURT JUDGMENT AGAINST A BROKER, SALES AGENT,

REAL ESTATE INSPECTOR, OR EASEMENT OR RIGHT-OF-WAY AGENT,

IF CERTAIN REQUIREMENTS ARE MET

IF YOU HAVE QUESTIONS OR ISSUES ABOUT THE ACTIVITIES OF

A LICENSE HOLDER, THE COMPLAINT PROCESS OR THE

RECOVERY FUNDS, PLEASE VISIT THE WEBSITE OR CONTACT TREC AT

TEXAS REAL ESTATE COMMISSION

P.O. BOX 12188

AUSTIN, TEXAS 78711-2188

(512) 936-3000

THIS FIRM IS

LICENSED AND REGULATED

BY THE

TEXAS DEPARTMENT OF LICENSING AND REGULATION (TDLR)

TDLR ADMINISTERS A FUND WHICH MAY BE USED TO SATISFY JUDGEMENTS AGAINST AUCTIONEERS INVOLVING A VIOLATION OF THE LAW.

COMPLAINTS OR INQUIRIES SHOULD BE DIRECTED TO:

THE TEXAS DEPARTMENT OF LICENSING AND REGULATION

920 Colorado

P.O. BOX 12157

AUSTIN, TEXAS 78711

www.tdlr.texas.gov

Telephone-(512) 463.6599 - - Fax-(512)-463-9468

(800) 803.9202 (Toll Free)

(800) 735.2989 - - (Relay Texas TDD)

Email: CS.Auctioneers@tdlr.texas.gov

FARM EQUIPMENT AUCTIONS

Complete payment due on day of sale.
Cash or check accepted with proper identification.
All purchases to be paid in full the day of the sale. Items purchased immediately become the responsibility of the buyer at the time they are sold by the Auctioneer. Nothing is to be removed from the premises until it is paid for.
In the event buyer fails to make settlement in full the day of sale, auctioneer may resell such property, using his sole discretion, and buyer shall be responsible for any damages and expensed of resale and collection, including reasonable attorney's fees.
All descriptions are believed to be correct and have been conscientiously set forth by the owner and Quality Auctioneers, Inc. HOWEVER, THERE IS NO WAY TO FURNISH A WARRANTY OR GUARANTEE, ACTUAL OR IMPLIED.
Everything is sold "as is" and "where is". The Buyer assumes responsibility at the time the Auctioneer calls the item "SOLD". We act as commission agents only.
Further announcements may be made by Auctioneer - please listen for them.
The Auctioneer reserves the right to accept bids in any increment he feels is in the best interest of his client, the Seller. The Auctioneer reserves the right to reject the bidding of any persons whose conduct, actions, or adverse comments he feels are not in the best interest of the Seller.
Acceptance of this card and bid number signifies complete understanding and adherence to all above items and conditions.
This firm is licensed and regulated by TDLR, Austin, TX 78711.

ATTENTION: All equipment must be removed from the Sale site within 10 days or the ownership reverts to the Auctioneer for his disposal.