Auction Protocol

Reserve Auction - In a reserve auction, the auctioneer will present the
highest and best bid to the seller.  The seller sets the lowest price he
will accept and has the option of accepting the bid or rejecting it.

Absolute Auction - In an absolute auction the property is sold at the
                   highest and best bid.  There is no threshold to be met.

Buyer's Premium  - A buyer's premium is a percentage that is added to the
                   bid price to determine the total purchase price.  The
                   bid price plus the buyer's premium equals the sale price.
                   The Earnest Money Deposit (pursuant to the Contract of
                   Sale) will be non-refundable unless otherwise stipulated
                   in the Contract of Sale and due on the date of auction
                   in the form of a cashier's or bank check.  The balance
                   of the purchase price will be due at closing.

Pre-qualification - you do not need to be pre-qualified in order to bid.
                   However, if you will be applying for a loan, the lender
                   will require that you qualify for the loan.  Since the
                   deposit you make on auction day is not contingent on
                   financing, please note that it is not refundable.

Phone Bidding    - You may bid by phone provided you have already properly
                   registered with our company.

Participation and Bidding - 
1. Register to bid at the registration table or online at
   www.ClaireHunterRealty.com  By registering to bid, the buyer acknowledges
   that  they have reviewed and understand  the information in the Bid Packet
   and the Contract of Sale agreement.  The bidder also acknowledges that
   immediately following the auction, they are prepared to execute the
   Contract of Sale agreement and pay the appropriate  deposit at that time,
   in a form previously deemed acceptable to Claire Hunter Realty, Inc.
2. Determine how much you are willing to pay for a property.  Since your
   goals for the purchase will vary from other buyers, it is important that
   you evaluate the property and determine a price.  Keep in mind that you
   will be paying a buyer's premium.
3. As the auctioneer continues to call for bids, you only need to raise your
   hand when you wish to bid.  You will not be allowed to bid against
   yourself by the auctioneer.  The auctioneer shall have sole control of
   the auction.
4. If you have any questions, motion to one of the Claire Hunter Realty team
   members, who will be pleased to answer your questions.

Broker Participation - We offer a Broker Participation Fee in the amount of 
$1,000.00 Finder's Fee to any Licensed Real Estate Broker who has properly
registered a client.  Registration forms must be completed at least 48 hours
prior to auction by calling 386-453-8433 to obtain a Broker Participation
Form.