Inspection Day Requirements
K-BID's definition of inspection is the bidder is able to see and touch the actual lot they will be bidding on.
- Affiliates schedule their auction inspections, based on what makes sense for that particular auction. If the affiliate chooses to set a specific date and time for their inspections, they should set reasonable time frames - long enough and during times of the day - so bidders who want to inspect the assets are able to do so. If the affiliate chooses not to have a defined inspection date and time, but rather chooses to state "inspections by appointment"; the affiliate needs to have a system in place to respond to inspection requests and be reasonably available for inspection appointments.
- Bidders must be allowed, at no expense, to inspect the actual lot they may be interested in bidding on. The only exception to this is if the affiliate is selling a brand new factory sealed item and is willing to allow the winning bidder to open the carton during removal and refuse the item if it is not as described.
- Affiliates need to make the inspection process as simple and hassle-free for the bidders as possible.