Tag Archive: Sale By Tender

The "Private Auction" – A Haven For The Dummy Bid

Posted on May 1, 2007 by | 1 Comment
OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   The dreaded “dummy bid” never really went away; it simply mutated into a more insidious form through the concept of the “Private Auction”. Bell Real Estate, a prominent real estate agency operating in the Eastern Suburbs and Yarra Ranges areas of Melbourne, uses the “Private Auction” as a standard procedure, and even provides intending purchasers with a set of...

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