(1) As soon as the auction sale is over, ten percent of the price collected from the auctioneer shall be taken as a deposit on the same day. The remaining ninety percent amount should be paid within seven days from the date of auction. If the deposit is not paid within that time, the deposit will be confiscated.

(2) If the auctioneer does not pay ten percent of the bid price on the same day, the auction will be held in the name of the person who bids the most. /p>

must be done.

(3) If the auctioneer pays the full price of the auctioned property in accordance with this rule, the organization or the association shall contact the relevant office to cancel the registration or filing of the property in his name in accordance with the prevailing law. It should be sent in writing.