License & Disclosures

Real Estate Broker License

Auctiontrade.AI is a licensed real estate broker authorized to conduct business in Florida. Our license is maintained in good standing with all applicable regulatory authorities.

Required Disclosures

Fair Housing Statement

Auctiontrade.AI is committed to providing equal professional service to all persons without regard to race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. We comply with all federal, state, and local fair housing laws.

We support and promote the principles of the Fair Housing Act and the Equal Opportunity Act. All properties are subject to the Federal Fair Housing Act, which makes it illegal to advertise any preference, limitation, or discrimination based on protected classes.

Agency Relationships

In real estate transactions, Auctiontrade.AI may represent:

• Seller's Agent: We represent the seller exclusively and owe fiduciary duties to the seller
• Buyer's Agent: When separately engaged, we represent the buyer exclusively
• Dual Agent: With consent, we may represent both parties in limited circumstances as permitted by state law
• Transaction Broker: In some states, we may act as a neutral facilitator

Specific agency relationships will be disclosed in writing before or at the time of making an offer. The nature of our representation affects our duties and obligations to you.

Property Condition Disclosures

As-Is Sales

Unless otherwise stated, properties on our platform are sold "as-is, where-is" with all faults. This means:

• The seller makes no warranties or representations about the property condition
• Buyers should conduct their own inspections and due diligence
• Buyers accept the property in its current state at the time of sale
• No repairs or improvements are guaranteed by the seller

Known Material Defects

Sellers are required to disclose known material defects that affect the property's value or desirability. However:

• Sellers may not be aware of all defects
• Hidden or latent defects may exist
• Prior repairs may not have been completed to code
• Systems and appliances may fail after purchase

Lead-Based Paint Disclosure

For properties built before 1978, federal law requires disclosure of known lead-based paint and lead-based paint hazards:

• Sellers must disclose known information about lead-based paint and hazards
• Buyers have 10 days to conduct a lead-based paint inspection (unless waived)
• Buyers receive the EPA pamphlet "Protect Your Family from Lead in Your Home"
• Warning statements must be included in sales contracts

Lead-based paint may be present in pre-1978 properties even if not disclosed, as sellers may not have knowledge of all lead paint in the home.

Natural Hazard Disclosures

Properties may be located in areas subject to natural hazards. Depending on location, required disclosures may include:

• Flood hazard zones (FEMA maps)
• Earthquake fault zones
• Fire hazard severity zones
• Seismic hazard zones
• Coastal zones and tsunami risk
• Hurricane zones
• Tornado-prone areas

Buyers should research local hazards, obtain appropriate insurance, and consider the impact on property values and insurability.

Title and Ownership

Title Insurance

Buyers are strongly encouraged to obtain title insurance to protect against:

• Undisclosed liens or encumbrances
• Errors in public records
• Unknown heirs claiming ownership
• Forgery and fraud in the chain of title
• Survey errors or boundary disputes

Liens and Encumbrances

Properties may be sold subject to certain liens, easements, or restrictions. Buyers should review the preliminary title report carefully and consult with legal counsel regarding any concerns about title issues.

Financial Considerations

Buyer's Premium

A buyer's premium is added to the final bid price. This premium is disclosed in the property listing and becomes part of the total purchase price. The buyer's premium compensates the auctioneer and platform for services rendered.

Property Taxes

Property taxes shown in listings are estimates based on prior year assessments. Actual taxes may differ due to:

• Assessment changes after sale
• Tax rate changes
• Loss of exemptions or special assessments
• New improvements or construction

Homeowners Association (HOA)

If applicable, properties may be subject to HOA fees, rules, and restrictions. Buyers should review HOA documents, financial statements, and rules before bidding. HOA fees may increase over time.

Auction-Specific Disclosures

Binding Contracts

When you place a bid in our auctions, you are entering into a legally binding contract. Winning bidders are obligated to complete the purchase according to the terms stated in the auction listing and purchase agreement.

Reserve Prices

Some auctions have reserve prices (minimum acceptable prices) that are not disclosed. If bidding does not reach the reserve, the seller is not obligated to sell. Auctions without reserves sell to the highest bidder regardless of price.

Platform Reliability

While we strive to maintain platform uptime, technical issues may occur. We are not liable for bid failures, connection issues, or other technical problems that prevent bidding. Bidders are responsible for ensuring they can participate in auctions.

Professional Advice

Real estate transactions involve complex legal, financial, and practical considerations. We strongly recommend that all parties:

• Consult with a real estate attorney before participating in auctions
• Obtain professional property inspections
• Review all documents with qualified professionals
• Secure financing pre-approval before bidding
• Understand all closing costs and financial obligations
• Research local market conditions and property values

Auctiontrade.AI does not provide legal, tax, financial, or investment advice. We are a real estate broker facilitating transactions between buyers and sellers.

Complaints and Disputes

If you have concerns about our services or believe we have violated real estate laws or regulations, you may:

• Contact our team at sales@auctiontrade.ai
• File a complaint with the Florida Department of Business & Professional Regulation
• Seek mediation or arbitration as outlined in our Terms and Conditions
• Consult with a private attorney regarding your legal rights

Florida-Specific Disclosures

Florida has additional disclosure requirements. Florida-specific disclosures include:

Additional Florida-specific disclosures are provided with each property listing as required by applicable law.