BELOIT AUCTION – TERMS & CONDITIONS

Welcome to Beloit Auction!
All items in this auction are located at 1525 Sun Valley Drive, Beloit, WI.
The following terms and conditions apply to all bidders and purchases. By registering and bidding, you agree to these Terms & Conditions, which form part of the Offer to Purchase.

(1.) Bidder Registration

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  YOU must register to bid.

  
  


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  Auctioneer may establish registration requirements and qualification criteria, as determined in Auctioneer’s discretion.

  
  


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  You must provide identifying and financial information as requested.

  
  


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  Auctioneer may refuse registration, revoke bidding privileges, or allow unregistered bidders to participate.

  
  


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  Bidder qualification and registration provisions are intended for the benefit of the Auctioneer and Seller only.

  
  


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  By bidding, all bidders agree to these Terms & Conditions.

  
  


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  Each bidder is assigned a unique bidder number.

  
  


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  All bids are irrevocable and binding.

  
  

(2.) Account Responsibility

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  Bidders are responsible for maintaining the confidentiality of their username and password.

  
  


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  You are liable for ANY and ALL activity conducted under your account.

  
  

(3.) Auctioneer’s Discretion

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  Auctioneer reserves the right to reject any bid, regulate bidding increments, resolve bidding disputes, and re-offer any lot at its discretion.

  
  


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  Auctioneer’s record of bids and communications shall be final and conclusive in all disputes.

  
  


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  Auctioneer’s decision shall be final.

  
  

(4.) Property Condition

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  All property is sold “AS IS,” “WHERE IS,” and “WITH ALL FAULTS.”

  
  


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  Neither Auctioneer nor Seller makes any representation or warranty—express or implied—regarding authenticity, condition, merchantability, fitness for purpose, or non-infringement.

  
  


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  Photographs and descriptions are for convenience only. Inspect in person or rely on images provided.

  
  


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  All sales are final with no refunds or returns.

  
  

(5.) Payment Terms

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  Buyer’s Fee: 16% added to the final bid price plus applicable sales tax.

  
  


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  Card Payments: Additional 3.5% convenience fee applies.

  
  


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  Accepted Forms of Payment: Cash, wire transfer, Visa, MasterCard, Discover, American Express, debit.

  
  


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  No Checks Accepted.

  
  


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  Cash/Wire Requirement:

  
  
  
  
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    All invoices $1,200+

    
    
  
  
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    Auctioneer may require cash or wire for any invoice to prevent fraud.

    
    
  
  
  
  


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  Payment must be completed online through your emailed invoice link or in person at 534 West Grand Avenue, Beloit, WI.

  
  


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  Buyer’s Premium is non-refundable and earned by Auctioneer as compensation.

  
  

(6.) Pickup & Removal

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  Pickup Location: 1525 Sun Valley Drive, Beloit, WI.

  
  


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  Pickup Hours:

  
  
  
  
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    Monday, November 3, 2025: 10:00 AM – 4:00 PM

    
    
  
  
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    Tuesday, November 4, 2025: 10:00 AM – 4:00 PM

    
    
  
  
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    Saturday, November 8, 2025: 9:00 AM – 11:00 AM (if you choose to pick up on Saturday, an additional $50 will be added per lot).

    
    
  
  
  
  


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  All items must be picked up by Saturday at 11:00 AM.

  
  


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  A $100 per-lot handling/restocking charge applies to unpaid or unclaimed items, automatically charged to your card on file.

  
  


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  Items not removed by Saturday at 11:00 AM are deemed abandoned. Ownership rights are forfeited, and items may be disposed of or resold.

  
  


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  Failed card payments result in account suspension and a minimum $50 service charge.

  
  


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  Bring your own help, vehicles, boxes, and packing materials. Beloit Auction staff will have a forklift onsite to help with moving/loading pallets of flooring.

  
  

(7.) No Chargebacks

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  Buyer agrees not to initiate credit card chargebacks or payment disputes.

  
  


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  Buyer remains liable for full payment plus attorney’s fees, collection costs, and any imposed fees.

  
  

(8.) Default & Remedies

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  If Buyer fails to pay or pick up, Auctioneer may resell, pursue collection, or take legal action.

  
  


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  Buyer responsible for deficiencies, storage, resale fees, 1.5% monthly interest, attorney’s fees, and collection costs.

  
  

(9.) Communications

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  By registering, you consent to contact via email, text, or phone regarding invoices, pickup, or other auction-related matters.

  
  


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  You also agree to receive marketing and auction updates (unsubscribe anytime via email link).

  
  


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  Transactional emails cannot be unsubscribed from.

  
  

(10.) Theft, Tampering & Conduct

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  Anyone caught tampering with tags, merchandise, or shoplifting will be prosecuted.

  
  


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  Abusive or threatening behavior toward staff will not be tolerated and may result in permanent ban.

  
  

(11.) Descriptions & Inspection

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  Beloit Auction will not be held responsible for description inconsistencies.

  
  


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  Buyers must inspect and decide for themselves prior to bidding.

  
  


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  No reliance on verbal statements.

  
  

(12.) Legal Contract (UCC §2-328)

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  At the close of each lot, a legally binding contract is created.

  
  


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  Buyers are responsible for safeguarding purchases at pickup.

  
  

(13.) Buyer Responsibility

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  Buyers must provide their own packing, boxes, vehicles, and loading help.

  
  


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  Beloit Auction is not responsible for injury or damage during loading or removal.

  
  

(14.) Auctioneer Bidding

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  Beloit Auction staff may bid on and purchase merchandise.

  
  

(15.) Sales Tax & Exemptions

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  Valid exemption certificates must be submitted before bidding.

  
  


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  No retroactive refunds.

  
  


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  Sales tax collected per applicable jurisdiction.

  
  


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  Buyers must report and pay any required use tax in their home state.

  
  

(16.) Right to Withdraw Lots

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  Auctioneer or Seller may add, delete, or withdraw lots at any time.

  
  

(17.) Indemnification

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  Bidders agree to indemnify and hold harmless Beloit Auction & Realty, Inc., its owners, staff, and sellers against all claims or damages from participation or use of purchased items.

  
  

(18.) Force Majeure

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  Beloit Auction is not liable for delays caused by events beyond its control (natural disasters, internet failures, strikes, fire, etc.).

  
  

(19.) Age Requirement

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  Bidders must be at least 18 years old to register and 21 to purchase restricted items.

  
  

(20.) Premises Liability Waiver

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  All persons enter auction premises or pickup sites at their own risk.

  
  


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  Beloit Auction is not responsible for accidents, injuries, or property damage.

  
  

(21.) Media & Marketing Use

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  By participating, Buyer consents to the use of photos, video, or audio taken during preview, bidding, or pickup for Beloit Auction’s promotional purposes.

  
  

(22.) Staggered Closing

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  Online auctions use staggered closing—multiple lots close each minute in sequence.

  
  


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  For grouped or related lots, bidding on one may extend the time on others in that group.

  
  

(23.) Soft Close

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  If a bid is placed within 90 seconds of closing, that lot’s close time extends 90 seconds.

  
  


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  The extension continues until no further bids are received.

  
  

(24.) Technology Disclaimer

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  Auctioneer is not responsible for interruptions, errors, or software malfunctions.

  
  


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  Auctioneer may void or resell affected lots.

  
  


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  Decision of the Auctioneer is final.

  
  

(25.) Severability

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  If any provision is invalid, remaining terms remain enforceable.

  
  

(26.) Governing Law & Venue

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  These Terms are governed by the laws of the State of Wisconsin.

  
  


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  Venue for disputes: Rock County, Wisconsin.

  
  


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  Auctioneer entitled to recover time, costs, and attorney’s fees as damages.

  
  

(27.) Limitation of Liability

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  Auctioneer’s liability to any bidder is limited to a refund of amounts actually paid for the disputed item, not exceeding purchase price.

  
  


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  Auctioneer is not liable for incidental, consequential, or special damages.

  
  

Attention homeowners and landlords...our Sun Valley Drive building is filled with new surplus flooring for your improvement projects!