Terms and Conditions for the Participation in the Electronic Auctions of the Portal www.e-publicrealestate.gr

1. Only registered Members of the portal can participate in the auctions. The registration to the portal implies full and unconditional acceptance by the Members of these terms and conditions of participation. In the case of registration of a legal entity, the registered Member which may consequently be granted the right to participate in an electronic auction is the legal entity mentioned in the field “Title (mandatory for legal entities)” and not the individual who fills out and submits the Registration Application.

2. Registered Members are designated as Users or Realtors. “Users” are physical or legal persons participating in an auction in order to buy or lease a property for their own use. “Realtors” participate in an auction representing their clients.

3. Those who wish to register as Members of the portal should submit a Registration Application by filling out the registration form in the portal’s page “Create Account” (Home Page > Create Account) and declaring that they accept the “Terms and Conditions” of participation in the electronic auctions of the portal. The “Terms & Conditions” can be found in the Home Page (Home Page > Terms & Conditions). Following the submission of the application they will receive immediately an e-mail requesting to follow a link in order to activate the account. A second e-mail is send immediately later by the system which confirms the Username and the Password that have been selected. In a short period of time, following the examination of the application by the portal administrator, a third e-mail is send by the system which approves the application. The portal administrator has the right to investigate the submitted data as well as additional data of the applicants. The Members cannot change their Username while they can change their Password anytime.

4. If the Registration Application is submitted by a realtors, they should additionally accept that prior to the participation in an auction they should send an e-mail to the portal administrator declaring: (a) the name/legal name of the physical/legal person which will represent in the auction and (b) that they hold a Realtor Authorization for the specific property; also that they will send, together with the other auction participation documents, a solemn declaration stating that they represent their client, stating his/hers name and the number of the Realtor Authorization Form.

5. Members of the portal who wishing to participate in a scheduled auction will follow the steps below:
i. Login to the portal (Home page > Login).
ii. Click “Request Bidding Approval” in the page “Property Information” of the specific property (Home Page > Properties > {query and selection of the specific property} > Property Information).
iii. First click “I have read and accept the “Auction Terms” of the property”, which can be read in a scroll down window, and then click “Request Bidding Approval”.
iv. By clicking “Request Bidding Approval” an e-mail is send to the portal administrator in which the Username, the Auction ID and the text “I have read and Accept the Auction Terms” are displayed.

6. The “Request Bidding Approval” should be submitted within the specified time period before the auction as stated in the “Auction Terms” of the property which can be found in the property’s page (Home Page > Properties > {query and selection of the specific property} > Property Information).

7. The Realtors simultaneously with the submission of “Request Bidding Approval” should send an e-mail to the portal administrator declaring: (a) the name/legal name of the physical/legal person which will represent in the auction and (b) that they hold the Realtor Authorization for the specific property. Also they should send, together with the other auction participation documents, an solemn declaration stating that they act on behalf of their client, stating his/hers name and the number of the Realtor Authorization Form.

8. The auction participation documents are determined and submitted in accordance with the “Auction Terms” of the property. PPCo S.A. does not bear any responsibility in the event of exclusion of a Member to participate in an auction due to overdue delivery of the auction participation documents, for any reason.

9. A participation Guarantee is required for the participation in an auction. The net amount, the duration the return or forfeiture of the Guarantee will be specified in the “Auction Terms” of the property. The participation Guarantee can be provided by: (a) bank Guarantee, (b) bank cashier’s check (c) deposit in bank accounts which will be specified in the “Auction Terms” of the property.

10. Following the receipt of all auction documents and the certification of receipt of the participation guaranty, the User or the Realtor will receive an e-mail by the portal administrator which approves the participation in the specific auction. If it is the first time that the User or the Realtor participates in an auction will also receive the auctions codes. The auctions codes may change from time to time for security reasons.