Without Reserve definition
Without Reserve where there is no minimum price at which a Lot may be sold (whether at auction or by private treaty). The following expressions have specific legal meanings with which you may not be familiar. The following glossary is intended to give you an understanding of those expressions but it is not intended to limit their legal meanings:
Without Reserve means Absolute. UNLESS SPECIFICALLY AND EXPRESSLY STATED BY AUCTIONEER IN WRITING, NO PROPERTY IS BEING EXPOSED FOR SALE AT ABSOLUTE AUCTION OR WITHOUT RESERVE.
Without Reserve means Absolute.
Examples of Without Reserve in a sentence
With respect to a Listing for Sale Without Reserve, no Marketing Fee shall be payable.
With respect to a Listing for Sale Without Reserve, ▇▇▇▇▇▇ agrees to pay a Commission in an amount equal to six percent (6%) of the total sale price of the Property, payable at closing.
More Definitions of Without Reserve
Without Reserve means where no reserve price has been set by the Seller and/or OVK provided that the seller and/or OVK may in their sole discretion decide whether or not to accept the highest bid.
Without Reserve auctions means seller must sell as soon as the first bid is made…seller loses rights to withdraw once the first bid has been made and must sell to the highest bidder
Without Reserve where there is no minimum price at which a Lot may be sold (whether at auction or by Private Treaty). GLOSSARY
Without Reserve means Absolute. dd. “YOU” means a Bidder.