Bidding Terms and Conditions of Real Estate Auction 8205 Cricket Rd Knoxville, TN Online Only Auction All announcements day of sale take precedence over any previously advertised material. Thank you for participating in this online auction event (the "Auction"). Please read these Terms & Conditions carefully. By placing a bid, you agree to be bound by all conditions of sale outlined below. Auction Firm JD's Realty & Auction, LLC (referred to herein as "Auction Firm" or "Auctioneer") is conducting this auction as the sole licensed auctioneer and real estate brokerage firm. Inspection The property is available for inspection by appointment. Real estate agents may show the property to prospective buyers by scheduling an appointment and completing buyer registration. Registration All bidders must register with the Auction Firm prior to bidding. Online bidders must complete the online registration process. Live bidders may register at the auction site. By registering, all bidders acknowledge and accept these Terms & Conditions. Agency The Auction Firm and its agents represent the Seller only in this transaction. Any cooperation with buyer agents or referring brokers is as a courtesy and does not create an agency relationship with the buyer. Contracts & Deposit The high bidder shall sign the Purchase and Sale Agreement and deliver a non-refundable deposit of 10% of the bid price at the conclusion of the auction. Deposits must be made by check. The purchase agreement is irrevocable for 24 hours following its receipt by the Seller. Contact Jason Deel at JD@JDsauctions.com for a sample copy of the Purchase and Sale Agreement. Auction Method & Closing This auction is online only. The property is selling subject to seller confirmation. Closing shall occur no later than 30 days following the auction. Time is of the essence. The Buyer will pay customary closing costs. The Seller will convey the property via General Warranty Deed and provide clear title. Possession is granted at closing. Buyer's Premium A 10% Buyer's Premium will be added to the high bid to determine the Total Purchase Price. Pre-Auction Offers The Seller reserves the right to accept a pre-auction offer and cancel or modify the auction at any time. Contingencies No contingencies will be accepted for financing, inspections, or appraisals. The property is selling AS-IS, WHERE-IS. Condition of Property The property is sold in AS-IS, WHERE-IS condition with no warranties or guarantees expressed or implied by the Auction Firm or Seller. Buyers are encouraged to conduct all inspections prior to bidding. Technology Disclaimer JD's Realty & Auction may utilize third-party bidding platforms or services. The Auction Firm is not liable for missed bids or errors due to technological failures, internet disruptions, or service provider issues. Force Majeure The Auction Firm shall not be held liable for delays or inability to perform due to acts of God, war, government regulation, pandemic, natural disaster, or events beyond its control. Broker Participation Referring brokers are eligible for a commission of the high bid amount, provided they: - Register their client in writing before any contact is made with Auction Firm - Remain actively involved in the transaction through closing - Send JD's a copy of the Buyer Representation agreement. High Bidder Notification Winning bidders will be notified by email only. Bidders are responsible for monitoring their email and completing contract obligations on time. Jurisdiction & Venue This agreement and any related disputes shall be governed by the laws of the State of Tennessee. All legal actions or claims must be filed exclusively in Anderson County, Tennessee. Buyer Beware By placing a bid, the bidder acknowledges that they have had an opportunity to inspect the property and are purchasing it AS-IS, WHERE-IS, and AS-INSPECTED, with all faults. The Auctioneer reserves the right to place bids on behalf of the Seller. Final Note These Terms & Conditions may only be modified in writing by JD's Realty & Auction. By registering and placing a bid, you acknowledge that you have read and understood all terms stated herein.