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Elements and Performance Criteria

1. Execute contract.
   • Ensure both parties have signed the contract of sale.
   • Explain ramifications of either party refusing to sign the contract.
   • Exercise authority to sign on behalf of the vendor where this has been specified.
   • Implement contingencies where one or both parties refuse to sign.
   • Confirm payment of deposit within contract terms.
   • Identify circumstances where issues related to contract execution are outside of scope of authority.
2. Identify successful bidder.
   • Confirm identity of successful bidder.
3. Respond to any disputes regarding winning bidder status.
4. Confirm authority of bidder acting on behalf of another party.
5. Identify legal entity to enter contract.
6. Ensure contract contains correct details and any variations to contract terms as allowed by relevant regulations.
   • Ensure both parties have signed the contract of sale.
7. Explain ramifications of either party refusing to sign the contract.
8. Exercise authority to sign on behalf of the vendor where this has been specified.
9. Implement contingencies where one or both parties refuse to sign.
10. Confirm payment of deposit within contract terms.
11. Identify circumstances where issues related to contract execution are outside of scope of authority.
12. Maintain records of auction.
    • Complete post-auction documentation according to legislative requirements.
13. Maintain records of auction according to legislative requirements.