Financial Interest for an Agent and bidding on your own lots as a Vendor.
Declaring a Conflict of Interest as an Assessor
Can I assess stock that I own or have an interest in?
The short answer is Yes - as an Assessor or Delivery Agent, you can assess and list stock that you for example, own personally.
However, as per our terms any & all financial or conflict interest must be declared on the Assessment for all users to see.
This can be declared through Assessment Entry, as shown below.
Can I bid on my own stock?
Vendors:
No – you cannot bid on your own stock. A vendor bidding on their own stock is in breach of our User Agreement.
Bidding is monitored by the AuctionsPlus system and a breach will result in suspension or termination from participating in the system if a vendor places a bid on their own livestock.
Agents:
Yes, as an agent you can bid on your own stock as long as you are bidding for a client. AuctionsPlus system monitors agent placed bids and if you are suspected of fraudulent bidding or 'bidding up your lot' we can request additional information to prove you were bidding for a client.