Worcester County Real Estate Transfers, Sunday, Feb 6
Dummy bidding is when an agent or a person appearing on the seller’s behalf pretends to be genuinely excited about purchasing a property by making bids at an public sale. When dummy bids proceed after the reserve value has been reached, the genuine bidder is competing with a false buyer and is pushed to pay as a lot as they will. Unless the dummy bidding is fully disclosed at each the beginning of the public sale and at the time the bid is made, it is prone to be thought of deceptive and subsequently unlawful. The premier occasion exclusively targeted …