Documenting the reserve price on a listing

This article explains when Openn requires a reserve to be entered on a listing

    Compliance with the Auction Rules as mandated by state legislation is crucial, especially when it comes to establishing and recording a reserve price, as legally required. Please note that the following information is intended solely to define the limitations associated with the app, and should not be construed as legal advice.

    Within the app, some states are required to have a reserve price entered before the property can launch while others do not. Please see below for your requirements depending on your state.

    Reserve required before property can be launched with Openn Reserve is required before Final Bidding Stage commences
    South Australia Northern Territory
    New South Wales Tasmania
    Australian Capital Territory Western Australia