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(1) The seller gives the auctioneer the auction bulletin (2) Bidders
survey the land and pay a guarantee (3) The auction is held and the highest
bidder wins (4) The auctioneer signs a confirmation deal with the successful
bidder (5) The winner signs a contract with the seller and pays earnest
money. The local notarization department attends the auction and issues a
notarial deed. |