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Terms and Conditions

Last Updated: Nov 10th, 2025

PART I: Introduction, Agreement, and Definitions

1.1 Acceptance of Terms

By accessing or using the ”RealtyBidders.com” website and its cloud-based application services (the ”Platform”), you agree to be bound by these Terms and Conditions (”Terms”), the Privacy Policy, and any other incorporated documents.

ATTENTION: RealtyBidders.com is not a licensed real estate brokerage, agent, or lawyer. The Platform provides technology and administrative tools only. All offers, bids, contracts, and legal obligations are solely between the Buyer and the Seller.

1.2 Amendments to Terms

RealtyBidders.com reserves the right to change these Terms at any time. Notice will be given to Users (e.g., by posting the updated version on the Platform) as soon as possible, and your continued use constitutes acceptance of the new Terms.

1.3 Eligibility and User Representations

All Users must be at least 18 years old and legally capable of entering into a binding contract. By registering, you certify that all registration information is true, accurate, and complete.

1.4 Scope and Definitions

The Platform is an application that manages and documents offers and online bidding for real estate across Ontario, Canada, in order to offer buyers and sellers transparent ways to engage in the sale of real estate.

PART II: Platform Usage and User Obligations

2.1 User Registration and Account Security

All Users are required to maintain the confidentiality of their passwords and notify RealtyBidders.com immediately of any unauthorized use.

2.1.1 Bidder Verification

The identity of all bidders will be verified. Bidding rights are provisional, and the Platform reserves the right to reject or cancel registration and terminate the user’s bidding activity if complete verification is not possible or if the User is deemed not to comply with these Terms.

2.2 Prohibited Activities and Acceptable Use

Activities such as hacking, scraping data, systematic data retrieval, fraud, and interference with security features are strictly forbidden. False representation as a User type, using the platform for non-compliant real estate activities, or violating local laws will be subject to penalties to the full extent of the law.

Term Definition
Platform The RealtyBidders.com software-based infrastructure that provides the tools and services associated with the website’s purpose and its application that facilitates dynamic features.
User An individual who interacts with the Platform, including Buyers, Agents, and Sellers.
Buyer A registered user who plans to purchase real estate, registered as either Represented (with an Agent) or Unrepresented (SRP - self represented party).
Agent A registered, licensed real estate professional who represents a buyer or a seller.
Seller A registered user who is the owner and seller of real estate, registered as either Represented (with an Agent) or Unrepresented (selling privately For Sale By Owner).
Self-Represented Party (SRP) An unrepresented buyer or seller who has not entered into a formal, written representation agreement with a real estate brokerage.
Digital Offer An ”Intent to Offer” or a ”Non-Binding Proposal” submitted digitally through the Platform. The legally binding contract is only formed upon acceptance and the signing of the formal written Agreement of Purchase and Sale (APS) by both parties.
Bid A publicly disclosed offer (Intent to Offer) to purchase a property submitted electronically through the Platform’s transparent sales method.
Commission A fee paid to a real estate agent or brokerage for their services.
Fee A per-transaction fee paid to the Platform for hosting and processing the digital transaction.
Total Offer Price The specific monetary value a prospective buyer pays, including the offer price, taxes, commissions, and Platform fees, as detailed in the final invoice/cart.

2.3 Intellectual Property Rights (IP)

Ownership over the Platform’s software, code, design, proprietary content, concept, process, and branding is exclusively that of the corporation and its partners. Users are granted a limited, non-exclusive license to use the platform only for its intended purpose.

2.4 User-Generated Content (UGC) / Offer Data

Content derived from the Direct Digital Feed (DDF) is published with permission from the respective Canadian Real Estate Association (CREA) partners.

  • Standard Digital Offers are made privately.
  • Bids are public, and by submitting a Bid, the User, Agent, and Seller grant explicit permission to the Platform to display that content transparently to competing Buyers.

PART III: PropTech Transaction Specifics

3.1 Platform Role and Service Limitations

The Platform is a technology service provider only. We DO NOT:

  • Provide real estate advice, legal advice, or financial advice.
  • Represent any Buyer or Seller (whether client or SRP).
  • Act as a real estate brokerage or agent as defined under TRESA.
  • Owe any fiduciary or agency duty to any User.

3.1.1 Property Listings

All properties listed on RealtyBidders.com are listed for sale by a Seller who is in an agency agreement with a Realtor and a brokerage. The listing information provided is the same information found on the Realtor Property Listing on Realtor.ca, and the Seller Listing Agent is responsible for uploading all associated disclosure and listing paperwork.

3.2 Legal Nature of Digital Offer/Bid

THE DIGITAL OFFER/BID IS NON-BINDING UNTIL FORMAL EXECUTION.

A Digital Offer or Bid submitted through RealtyBidders.com is defined as an ”Intent to Offer” or a ”NonBinding Proposal.” A legally binding contract for the purchase and sale of real estate is only formed after the digital submission is accepted, followed by the signing of the formal written documents (the
Agreement of Purchase and Sale), and the required payments are successfully paid.

Notwithstanding the non-binding nature of the Intent to Offer, all Users must ensure their Bid is genuine and made in good faith. The submission of fraudulent, malicious, or non-legitimate bids is strictly prohibited and constitutes an attempt to corrupt the transparent sales process. The Platform, the Seller, and any affected User (Buyer) all reserve the right to pursue all available civil and criminal remedies against any party found to be submitting non-genuine bids that interfere with, or damage the integrity of, the bidding environment or the interests of other Users.

3.3 Offer Submission Processes (Standard vs. Transparent Bidding)

3.3.1 Standard Digital Offer

A Standard Digital Offer is confidential. The price and specific terms will NOT be disclosed to competing Buyers.

3.3.2 Transparent Bidding (Open Bidding)

When a Seller elects to use the Transparent Bidding feature (subject to the Seller signing the Sellers’ Directions FORM 209 and 244), the Seller is authorizing the brokerage and realtor to use RealtyBidders.com, which is an alternate real estate listing site, and agrees to allow offers to be public, thereby authorizing the Platform to disclose specific terms of received Offers/Bids to all other active Buyers.

BY SUBMITTING A BID, THE BUYER CONSENTS TO THE DISCLOSURE OF:

  • Offer Price (The monetary amount of the bid).
  • Selected Terms/Conditions (e.g., closing date, deposit amount, and standard conditions).
  • The Number of Competing Offers/Bids.

Pursuant to TRESA, the Platform will NOT disclose the Buyer’s name or personal identifying information. The Irrevocable Period for a digital offer is set by the countdown clock that is active on the property listing details. The Seller retains the absolute right to accept, reject, or negotiate any Offer/Bid.

3.4 Financial Terms: Platform Fee and Purchaser’s Deposit

The Total Offer Price calculation is detailed under the User’s account cart. The payment of the purchase price is facilitated via a Two-Payment Structure: the Platform Transaction Fee and the Purchaser’s Deposit.

3.4.1 Platform Transaction Fee (Processing Fee Paid to Close Bidding)

This is a required processing fee paid to RealtyBidders.com to finalize the online bidding process. The Buyer is required to pay a Platform Transaction Fee of $1500.00 + HST to RealtyBidders.com immediately upon the Seller’s acceptance of the digital offer.

  • Purpose: This fee is required to finalize the bidding process, close the listing on the online platform, and serves as a refundable commitment payment.
  • Payment: Paid via Email Money Transfer (EMT) to ar@realtybidders.com.
  • Refundability: This fee is refundable if the property sale fails to close, minus a $100.00 + HST service and handling fee. However, the entire Platform Transaction Fee is non-refundable if the Buyer is declared in breach of the final Agreement of Purchase and Sale (APS) contract.

3.4.2 Purchaser’s Deposit (To Listing Brokerage Trust Account)

This is the remaining, traditional Purchaser’s Deposit (typically specified in the APS), which must be paid to the Listing Brokerage and held in the Listing Brokerage trust account. The Buyer is required to complete this deposit within 24 hours of signing the formal Agreement of Purchase and Sale (APS).

3.4.3 Realtor Commissions

  • Seller Agent Commission: The final invoice automatically calculates the Seller Agent’s commission as 1.5% + HST, which is included in the Buyer’s Total Offer Price. If the Listing Agreement specifies a higher commission, the Seller is responsible for paying the difference directly to their Listing Brokerage.
  • Buyer Agent Commission: There is no Confirmation of Cooperation Form 320 between the Buyer Agent’s Brokerage and the Selling Agent’s Brokerage for transactions on this Platform. The Buyer is responsible for paying their own Agent/Brokerage according to their independent commission agreement (e.g., OREA Form 371). Buyer Agent commissions or flat fees are invoiced directly to and paid by the Buyer.

3.5 Contract Finalization and Breach

The Agreement of Purchase and Sale (APS), typically Form 100 (Freehold) or Form 101 (Condominium), is completed by digital e-signature immediately after the winning Bid/Offer is accepted and the Platform Transaction Fee is paid. Users are solely responsible for ensuring proper execution. Users acknowledge that a Breach of Contract (e.g., failure to close after signing the APS) may lead to forfeiture of all deposits made (including the Platform Transaction Fee paid to RealtyBidders.com) and potential liability for court costs and any price difference in a subsequent resale of the property.

3.6 Agency Disclosure and SRP Obligations

3.6.1 Platform Agency Role

RealtyBidders.com acts only on behalf of the Listing Brokerage and Seller of the property for sale, solely to document offers, online bids, and the transaction. The Platform is not an Agent, Brokerage, or Fiduciary.

3.6.2 SRP Acknowledgement

Self-Represented Parties (SRPs) acknowledge they have been provided with the RECO Information Guide and may be required to sign the Mandatory Acknowledgment of No Representation. SRPs are strongly urged to seek independent legal advice before submitting or accepting any Offer/Bid.

3.6.3 Risk of Waiving Conditions

In a competitive offer situation, the Buyer may be tempted to remove conditions intended to protect them. The Buyer acknowledges the following risks:

  • Financing: Waiving a financing condition is a significant risk unless the Buyer has full, firm mortgage approval for that specific property. Pre-qualifying does not safely eliminate the need for this condition.
  • Home Inspection: Forgoing a home inspection is a significant risk. The Buyer acknowledges they may later learn of property defects, required repairs, or upgrades that were not previously apparent, leading to expensive short-term or long-term costs.
  • Condominium Review: Waiving the condition for a lawyer’s review of the condo corporation’s financial documentation (Status Certificate) involves risk, as it may hide underfunded reserve funds or ongoing litigation. The Platform strongly advises the Buyer to seek professional guidance from a licensed Realtor or real estate Lawyer regarding the removal of any protective condition.

PART IV: Disclaimers and Legal Protections

4.1 Disclaimers and ”AS IS” Provision

The platform and its services are provided ”AS IS” without warranties of any kind (including fitness for a particular purpose or accuracy of property data). All property information comes from the Listing Agent and the Owner. All Users must conduct their own independent investigations and due diligence (especially regarding inspection, financing, and condo status).

4.2 Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL RealtyBidders.com, ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SUPPLIERS, OR LICENSORS BE LIABLE FOR ANY:

  1. INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE, OR CONSEQUENTIAL DAMAGES,
  2. LOSS OF PROFITS, LOSS OF REVENUE, LOSS OF DATA, LOSS OF GOODWILL, OR LOSS OF BUSINESS OPPORTUNITY,
  3. COST OF SUBSTITUTE GOODS OR SERVICES,
  4. OR PERSONAL INJURY OR PROPERTY DAMAGE

ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE PLATFORM, APPLICATION, OR SOFTWARE.

4.2.1 Exclusion of Real Estate-Specific Liabilities

The Platform is a technology provider and is not a real estate brokerage, agent, or legal advisor. The Company shall have no liability whatsoever arising from or relating to:

  • The accuracy, completeness, or reliability of property listings, market data, property valuations (automated or otherwise), or any third-party content.
  • Any transactional decisions made by the User, including offers, purchases, or sales of real property, and the outcome of any such transactions.
  • The conduct or representation of any third-party real estate agents, brokers, or professionals contacted through the platform.

4.2.2 Financial Cap on Liability

IN ALL CASES, THE TOTAL AGGREGATE LIABILITY OF RealtyBidders.com TO THE USER FOR ALL CLAIMS, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, SHALL BE LIMITED TO THE GREATER OF:

  • (a) The total amount of fees paid by the User to RealtyBidders.com for use of the specific service in the twelve (12) months immediately preceding the event giving rise to the claim; OR
  • (b) One Hundred U.S. Dollars ($100.00 USD).

4.2.3 Technical Issues and Extended Bidding

Neither the Platform nor the software provider shall be held responsible for a missed Bid or the failure of the software to function properly for any reason.

  • Extended Bidding (Anti-Sniping): If a Bid is placed in the last few minutes before the deadline, extended bidding will commence. If there are no Bids within 2-3 minutes of the last Bid, the bidding will end. This procedure prohibits any last-second ’sniping’ from taking place.
  • System Failure: In the unfortunate event of a DDoS attack, server attack, or system shutdown, RealtyBidders.com reserves the right, but is not required, to change the Bid closing deadline.

4.3 Indemnification

You agree to protect, defend, indemnify, and hold harmless RealtyBidders.com, its affiliates, and its officers, from and against any and all claims, losses, or costs (including reasonable attorneys’ fees) arising from your breach of these Terms or your misuse of the Platform.

PART V: Governing Law, Dispute Resolution, and General Provisions

5.1 Governing Law and Jurisdiction

These Terms shall be governed by the laws of the Province of Ontario, Canada, and the federal laws of Canada applicable therein. Users consent to the exclusive jurisdiction of the courts of Ontario for any disputes arising under these Terms. Key legislation governing the Platform includes the Trust in Real Estate Services Act, 2002 (TRESA).

5.2 Dispute Resolution

As we operate in Canada, our practices are guided by PIPEDA. You have the right to challenge our compliance with this policy.

5.2.1 Negotiation

The Parties shall first attempt in good faith to resolve any dispute, controversy, or claim (”Dispute”) arising out of or relating to this Agreement by direct negotiation.

5.2.2 Mandatory Mediation

If the Parties are unable to resolve the Dispute through direct negotiation within fifteen (15) business days, the Parties agree to submit the Dispute to non-binding mediation before pursuing any litigation. The mediation shall take place in Ottawa, Ontario, unless otherwise agreed, and costs shall be shared equally.

5.2.3 Exceptions and Preservation of Rights

Nothing in this Section shall prevent a Party from seeking urgent interim or interlocutory relief from the Ontario courts (e.g., injunctive relief) to preserve its rights.

5.2.4 Litigation

If the Dispute is not fully resolved within thirty (30) days of the appointment of the mediator, either Party shall be free to pursue its remedies by commencing an action in the Ontario Superior Court of Justice.

5.3 Bidding Disputes

RealtyBidders.com has the sole authority to resolve any disputes relating to the mechanics, timing, or validity of Bids submitted directly through the Platform.

5.4 Severability

If any provision of these Terms is held to be illegal, invalid, or unenforceable by a court of competent jurisdiction, that provision shall be deemed severable and shall not affect the validity, enforceability, or operation of the remaining Terms. The invalid provision shall be deemed modified to the minimum extent necessary to make it valid and enforceable, or the Parties shall negotiate in good faith to replace it.

5.5 Assignment

Neither Party may assign, transfer, or delegate its rights or obligations under this Agreement without the prior written consent of the other Party. Consent shall not be unreasonably withheld or delayed. This Agreement shall be binding upon the Parties and their respective permitted successors and permitted assigns.

5.6 Contact Information

For any questions regarding these Terms, please contact: info@realtybidders.com

Dated May 1st, 2025

All users of RealtyBidders.com are required to sign in.

There are three options to register as a user.

REGISTRATION AS BUYER:

Buyers who are represented by a Realtor and have made a commission agreement with a buyer’s brokerage.

Buyer Agents who are in a commission agreement and are acting as a proxy for the buyer.

Unrepresented Buyers who are making offers without representation.

REGISTRATION AS A SELLER:

Seller, the Owner who is listing a property for sale and using RB to document offers.

REGISTRATION AS AN AGENT:

The Seller Listing Brokerage is responsible for uploading the property listing to the Multiple Listing Service, Brokerage-associated listing sites, & RealtyBidders. All associated disclosure and listing paperwork is completed by the Seller Listing Agent

PROPERTY LISTING:

The Seller Listing Brokerage is responsible for uploading the property listing to the Multiple Listing Service, Brokerage associated listing sites, & RealtyBidders. All associated disclosure and listing paperwork is completed by the Seller Listing Agent. 

DIGITAL OFFERS:

All digital offers are considered written offers. To make an offer, buyers have to register as a user, acknowledge that their participation is a formal offer process. Digital offers are legally binding offers to purchase, made in a public forum from a buyer to a seller, and in compliance with the disclosed terms and conditions detailed in the property listing.

PUBLIC OFFERS:

By association, all digital offers are considered public, and by participating in the process, all buyers and sellers are authorizing and agreeing to disclose their offers and associated terms and conditions publicly.

SELLERS WRITTEN INSTRUCTIONS REGARDING CONTENT OF OFFERS:

In Ontario, the seller’s real estate agent and brokerage are required to complete appropriate documentation to list a property on the MLS and disclose the number of competing offers to all buyers, which is done virtually via the Realty Bidders application. Sellers need to provide written instructions to their agent before the content of offers can be shared and uploaded to ReatlyBidders. Personal or identifying information (like names, contact details) from offers cannot be shared.

AS A BUYER:

By participating as a user, and making an offer via RealtyBidders, the buyer decides to participate in a process where the content of their offer is shared with other buyers in an open and transparent bidding process. Unrepresented buyers or represented buyers with an agent both have an equal opportunity to bid on any participating property. In a competing offer situation, you may be tempted to offer more for the property than you planned to and/or remove conditions from your offers that are intended to protect you. Before participating in a competing offer situation, you should consider factors such as:

OFFER PRICE:

How much can you afford to offer for the property, and how much is the property worth? A high offer could enhance your chances of success. However, it may not be the best long-term financial decision for you. A competing offer situation does not necessarily mean that a property will sell for more than the asking price. Similarly, an offer that meets or exceeds the asking price will not guarantee that the offer is accepted. It is highly recommended to get pre-approved to purchase and stick to your limit.

IRREVOCABLE:

Specific period during which the offer cannot be withdrawn by the party making the offer (the offeror). Essentially, it’s a deadline for acceptance, ensuring the other party (the offeree) has a defined time to consider and respond to the offer. Once the irrevocable date and time pass, the offer becomes null and void unless it has been accepted. With a digital offer on Realty Bidders, the irrevocable is set by the countdown clock that is active on the property listing details on RB.

CLOSING DATE:

It is the date when ownership of the property officially transfers from the seller to the buyer. It’s the day all legal and financial aspects of the purchase are finalized, and the buyer takes possession.

OFFER CONDITIONS:

In competing offer situations, it can be tempting not to include a clause in an offer that makes it conditional. Some buyers can safely make these offers, some buyers may take on risk that is unnecessary risk or compromise the possibility of closing the property.

FINANCING:

Be aware that pre-qualifying for a mortgage does not safely eliminate the need for a financing condition in an offer. A financing clause in your offer to purchase gives you a period of time to confirm that you are able to get a mortgage approval for the home you want to buy. That time frame is usually five to seven business days. By getting preapproved before bidding, a buyer can choose to waive a financing condition.

HOME INSPECTION:

On a home inspection. While your offer might be more acceptable to the seller, you may later learn that there are property defects, required repairs, or needed upgrades that you weren’t aware of. In some cases, this can be expensive in the short or long term. Foregoing a home inspection is a significant risk that a buyer needs to carefully consider. It is recommended to perform your home inspection before bidding if you are a
serious buyer. Pre-sale home inspection documents are often available on a listing
detail

CONDOMINIUM REVIEW OF CORPORATION FINANCIAL DOCUMENTATION:

A lawyer’s review of a condo corporation’s financial condition within a real estate offer is a crucial part of the purchase process in Ontario. It involves a thorough examination of the condo status certificate by a legal professional to assess the financial and legal health of the condominium corporation and the specific unit. This review helps buyers understand potential red flags like underfunded reserve funds or ongoing litigation that could impact their investment. Most condos listed on realtybidders will include a recent status certificate that can be reviewed in advance before making an offer.

DEPOSIT:

In real estate, a deposit is a portion of the purchase price a buyer submits with their offer to demonstrate seriousness and good faith in their intention to buy the property. It’s not a final down payment but a deposit held in trust by the seller’s brokerage. This deposit typically ranges from 5% to 10% of the purchase price and is credited toward the buyer’s overall down payment when the deal closes. With Realty Bidders, once a buyer’s offer is accepted, the buyer is required to make two deposits.

FIRST DEPOSIT:

This first deposit is paid to Realty Bidders immediately upon the seller selecting the buyer’s digital offer. This deposit is provided to finalize the bidding process and close the listing on the online bidding platform. This deposit is detailed in the final invoice and is required to be paid by EMAIL MONEY TRANSFER from a Registered Canadian Financial Institution to Realty Bidders (recievable@realtybidders.com). In the future, alternative Payment processing will be available. This deposit is refundable, minus a $100 + HST service and handling fee, should the property not close.

SECOND DEPOSIT:

The second deposit is paid to the listing brokerage and held in the Listing Brokerage trust account and paid upon closing. The Listing agent will provide deposit payment instructions, and the buyer is required to complete the Deposit within 24 hours by any payment processing method indicated in the deposit instructions.

REALTOR COMMISSIONS:

THE SELLER AGENT COMMISSION:

As per the final invoice, offers on the platform automatically calculate the seller’s agent commission of 1.5% + HST. If the seller’s agent and the Seller have an agreement for a higher commission amount, the difference is paid by the seller directly to the listing brokerage at the time of invoicing through the lawyer’s dispersal of funds with the final invoice adjustment as per the confirmation of cooperation and commission. Seller agent fees are calculated with the buyer’s total offer price, as detailed in the final invoice.

THE BUYER AGENT COMMISSION:

If the buyer and the buyer’s agent/brokerage have a signed OREA Form 371, the buyer is responsible for paying their buyer agent or buyer brokerage according to this agreement. There is no confirmation of cooperation form 320 between the buyer agent brokerage and the selling agent brokerage for any transaction that occurs via the Realty Bidders platform. Realty Bidders recommends using a Buyer Agent for all real estate transactions. Buyer agent commissions or flat fees are negotiated separately from Realty Bidders and are paid by the buyer directly to the Buyer brokerage as per their invoice.

IS A BUYER REQUIRED TO REPRESENTED:

Buyers are not required to hire a Realtor, Agent, or Brokerage for any purchase of real estate through RealtyBidders. Unrepresented Buyers are to indicate this in advance. Some services typically offered by the Buyer Agents, such as private showings, are available via a 3rd party for a flat fee to unrepresented buyers.

BUYERS FEES:

When a buyer makes an offer on Realty Bidders, the Total Offer Price is calculated to include the Offer Price to the Seller + Listing Agent Commission Fee (1.5% + HST) + Buyer RB 1st deposit ($1500+ HST). Buyer Agent commissions fees, if required, are between buyers and their buyer agent separately.

CLOSING:

All completion dates occur at 30, 60, 90, and 120 days as indicated in the offer to purchase. Should the buyer or seller need to adjust the completion date, the listing agent can create an amendment that is signed by both parties.

BREACH OF CONTRACT:

If a Buyer is declared in breach of the contract, they may forfeit all deposits made and could be additionally liable for any court costs, any price difference in a subsequent resale of the property, and all future costs incurred by the seller and the listing brokerage. Realty Bidders’ 1st deposit is paid upon completion of the offer process as indicated in deposit #1 and is nonrefundable should a breach of contract occur.

AGREEMENT OF PURCHASE AND SALE:

The Ontario Agreement of Purchase and Sale (APS) Form 100 for a freehold and Form 101 for a Condominium are completed separately after the offer process on realtybidders is complete. The forms are completed by digital e-signature by the listing brokerage. The APS between the winning bidder and the seller is signed immediately after the buyer’s winning bid is accepted and the initial Email Money Transfer deposit is paid to Realty Bidders to end the offer process. The APS contract is organized by the Listing Brokerage Agent and signed by the buyer and seller

PROPERTY LISTING DETAILS:

The Property listing package is uploaded by the Listing Agent to the Realty Bidders site. This is the same information found on the Realtor Property Listing on Realtor.ca

BIDDING DISPUTES:

Realty Bidders have the sole authority to resolve any bidding disputes as they may arise.

BIDDER VERIFICATION:

The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Realty Bidders. will reject the registration, and the user’s bidding activity will be terminated.

ADDITIONAL DEFAULT REMEDIES:

Additional Default Remedies are reserved by Realty Bidders, the listing Brokerage, and the Seller as provided in the terms and conditions and terms of use. All administrative fees are non-refundable.

AGENCY DISCLOSURE:

In all transactions, Realty Bidders is the digital offer tool, acting on behalf of the listing agent brokerage and the seller, not as the buyer’s agent. Realty Bidders reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to comply with the Realty Bidders’ terms and conditions.

DISCLAIMER:

All information contained herein is believed to be correct to the best of Realty Bidders’ knowledge and the Listing Brokerage Agent who uploads the content. The information is being furnished to bidders for the bidder’s convenience, and it is the responsibility of the bidder to determine that the information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct
and rely solely upon their investigations and inspections. The property is being sold ’AS IS’ with “any and all” faults. Please review all information supplied and seek appropriate assistance before bidding.

REALTOR REPRESENTATION:

If you are currently working with a Realtor and want them to represent you as a Proxy Bidder, the realtor must register as a proxy bidder for the buyer. Real Estate commission agreements are between the buyer and the buyer agent and agent’s brokerage, not Realty Bidders or the Listing Brokerage. No Confirmation of Co-Operation Form 320 is completed. Buyer Realtor Commission or Flat Fees are invoiced directly to the Buyer.

TECHNICAL ISSUES:

Neither the company providing the software nor Realty Bidders shall be held responsible for a missed bid or the failure of the software to function properly for any reason. The online bidding process will restart every 30 days. If there is bidding in the last few minutes before the refresh date, extended bidding will commence. If there are no bids within 2-3 minutes, the bidding will end. This procedure prohibits any last-second ‘snipeing’ from taking place. In the unfortunate event of a DDOS attack or server attack/shut down, Realty Bidders reserves the right, but is not required, to change the bid closing deadline.