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Arbitration policy

I. General Policies:

1. Fair and Ethical Sale:

• The auction aims to ensure fair and ethical treatment for both buyers and sellers.

• The auction reserves the right to cancel a sale if it determines that it is not fair and ethical, at its sole discretion.

• Federal, state, and local laws take precedence over these policies where applicable.

2. Auction Role in Sale:

• The auction does not make any representations or guarantees about vehicles sold or offered for sale.

• The sales contract is solely between the seller and the buyer; the auction is not a party to this contract.

• All vehicle transactions must be processed through the auction office, and failure to do so can result in the suspension of trading privileges.

• The auction has the right to review audio/video documentation to verify the accuracy of a sale.

• Vehicles consigned with the auction may be subject to government inspection, with or without prior notice, by various government or quasi-governmental agencies.

3. Auction VIN Policies:

• All vehicles consigned must have a visible public Vehicle Identification Number (VIN) plate attached to the vehicle by the manufacturer or a state inspector.

• Vehicles with a reassigned VIN plate by the state must be announced or may face sale cancellation or buyer return.

• The auction reserves the right to refuse the sale of any vehicle if the VIN plate appears to be altered in any way.

These policies are designed to ensure transparency, fairness, and compliance with legal requirements in the auction of vehicles. It's important for both buyers and sellers to be aware of these policies when participating in auctions to ensure a smooth and ethical transaction process.