ARCHIVE: Common auction conditions for real estate auctions, 4th edition
Published: July 2024
The Common auction conditions (CAC) are designed for real estate auctions, to set a common standard across the industry.
Where the auctioneer is a member of RICS and uses the Common auction conditions, the auctioneer must also comply with the current edition of RICS’ Guidance for auctioneers selling real estate.
RICS owns the copyright in all editions of the CAC, but permits the free use of the 5th edition if the user:
• relies on their own legal advice as to whether the CAC are suitable
• agrees that RICS and those who advise it have no liability to anyone who uses or relies on the CAC
• reproduces all compulsory sections of the CAC without variation, except where specifically stated
• acknowledges that the CAC are reproduced with the consent of RICS and
• refers to the conditions as the Common auction conditions (5th edition).
RICS reserves the right to withdraw its licence to use this and any previous edition of the CAC.
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