Activities Of Auctioning Houses (retail) Companies in Malaysia

There are many auctioning houses (retail) companies in Malaysia that are responsible for different activities. Some of the main activities of these companies include:

1. Organizing and conducting auctions: This is the most important activity of auctioning houses (retail) companies in Malaysia. These companies are responsible for organizing and conducting auctions of different properties.

2. Managing the auction process: Another important activity of these companies is to manage the auction process. They are responsible for setting the starting price, reserve price, and other terms and conditions of the auction.

3. Providing information about the auction: Auctioning houses (retail) companies in Malaysia also provide information about the auction to the public. They publish the details of the auction in newspapers and other media.

4. Collecting payments: After the auction is over, these companies are responsible for collecting payments from the successful bidders.

5. Transferring the property: After the payments are collected, these companies are responsible for transferring the ownership of the property to the successful bidder.