Question: (In Australia) 1. identify two specific requirements that may apply to a block of units being sold at auction. For example strata unit and the

(In Australia) 1. identify two specific requirements that may apply to a block of units being sold at auction. For example strata unit and the cost of unit. 2. Identify two specific requirements that may apply to a residential property being sold at auction. For example swimming pools must be registered

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2. Information that comes most readily to mind (availability).

3. An initial value (anchoring).

4. Similarity (representativeness).