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| The '''Auction Policy''' governs all plot auctions conducted by the Government of ProsperitySMP (the "Department"). By participating in an auction — as either an auctioneer or a bidder — you agree to be bound by this policy. All monetary values are denominated in Prosperity Dollars ($).
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| == Auction setup ==
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| Every auction listing must include the following, and none of it may be modified once the auction is posted:
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| * '''Title''' — the plot name (for example, C001).
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| * '''Starting bid''' — the lowest amount an opening bid may be.
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| * '''Minimum increase''' — the smallest amount by which a new bid must exceed the current high bid.
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| * '''Plot image''' — a photograph of the plot and/or its information sign.
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| * '''End time''' — a numerical duration measured from the most recent eligible bid (for example, "24 hours after the last eligible bid").
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| A '''buyout price''' is optional. If one is offered, it must be stated in the original listing and may not be added, removed, or changed afterward — including when live bidding approaches it.
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| == Bidding ==
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| * All bids are denominated in Prosperity Dollars and are '''legally binding'''. A bidder is obligated to honor any bid they place.
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| * Bids may not be modified or withdrawn once placed.
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| * A bidder may raise their '''own''' leading bid only '''once''' per auction. Any further attempt to raise their own leading bid is invalid.
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| * A bidder may not bid more than the funds available in their personal, company, or bank balance.
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| * If a bid is funded from anything other than the bidder's personal balance (a company, a bank, or another source), the bidder must '''state the source of funds'''. The Department reserves the right to privately request proof of funds.
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| The recommended bid format is:
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| : Bid: $0 (source of funds)
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| == Winning and payment ==
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| * The highest eligible bid at the close of the auction wins.
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| * If a winning bidder's balance falls below their bid amount by the time the auction closes, the next-highest eligible bid becomes the default winner.
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| * If a winning bidder is removed from, or leaves, ProsperitySMP before the plot is transferred, the next-highest eligible bid becomes the default winner.
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| * Payment is due at the close of the auction. A non-payment dispute (by either party) may be resolved by opening a support ticket with evidence — whether a winner fails to pay, or an auctioneer withholds a won plot.
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| == Conduct ==
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| Neither auctioneers nor bidders may act to divert attention away from a bid. Prohibited conduct includes:
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| * Commenting negatively on the starting price.
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| * Commenting negatively on the plot's rarity, or lack thereof.
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| * Commenting negatively on the plot's utility, or lack thereof.
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| * Advertising one's own bid or business in another auction's channel.
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| * Holding general conversation within a bidding channel.
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| == Government authority ==
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| * An auctioneer may rescind an auction '''only''' while it has received no bids.
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| * The Department reserves the right to terminate any auction at any time, for any reason.
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| * The Department reserves the right to restrict any individual's ability to participate in auctions.
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| * These authorities also apply to eviction auctions.
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| == Agreement ==
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| By participating in any auction, you agree to the terms of, and to be bound by, this Auction Policy.
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| [[Category:Government]]
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| [[Category:Policy]]
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