How is land sold by auction?
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(1) The seller gives the auctioneer the auction bulletin
(2) Bidders survey the land and pay a guarantee
(3) The auction is held and the highest bidder wins
(4) The auctioneer signs a confirmation deal with the successful bidder
(5) The winner signs a contract with the seller and pays earnest money. The local notarization department attends the auction and issues a notarial deed.