As with traditional real estate transactions, there is a considerable amount of protection and security that must be guaranteed to both the buyers and the sellers. Registration not only provides details about who is considering making a bid offer on a property, but also verifies identity, and ensures that all potential bidders are completely aware of the terms and conditions of the auction process.
The registration process at On The Block adheres to all identity verification requirements of a traditional real estate transaction in Ontario, and provides additional security to both buyer and seller by making absolutely certain that all aspects of the transaction are transparent prior to the acceptance or allowance of any bid offer.