7. - What should I do to gain access to the auction (Registration Process)?

To gain access to the auction you must be registered. The following paragraphs explain how to do this if registration has not been done before at an Explanatory Presentation or at any other auction:
 
a) Consent Document:
Fill in manually and sign a Consent Document concerning the use, treatment and protection of personal data.
 
b) Individual Registration Index Card:
Deliver the Consent Document with your NIC (National Identity Card) to the Registration Table, where there is a person from the organization in charge of the creation of the individual registration index cards. After entering data into the computer (name, address, contact telephone numbers and email address), the NIC is returned.

c) Bidder Unit (BU) Registration Index Card:
Once all the previous steps have been taken, the Registration Table asks if the registered person is accompanied by anybody else. If the answer is no, which means that the registered person is unaccompanied, the Registration Process continues in the normal way. If the answer is yes, which means that the registered person is accompanied, those people with him (a maximum number of three) also have to register if they have not done so before. Once all his or her companions have been registered, the Registration Table asks them whom the spokesperson of the group is in order to create the bidder unit (BU) registration index card in the computer.

The concept of the bidder unit is very important. For this reason, the following paragraphs explain what it is and its implications:

A BU is a group of people, which can be 1,2,3 or 4 at most, which attend and make joint bid acceptances at an auction, being jointly all of them also subject to all contractual agreements that may derive from their role in the Bids Acceptance Subprocess. Each BU has a spokesperson identified during the Registration Process, who will be the reference person who will address the Director of the auction in case of any disagreement within the UL. The cheque for 5% of the opening bid, which is necessary to be registered in the auction, will also be returned to the spokesperson of the BU if it is not the winner of the auction in accordance with the rules explained in the Basis of the Auction.

All this data is essential to inform the first reserve bid about the buying option that it has in case the Public Registration of Sale is not signed by the winner of the Bids Acceptance Subprocess, who has previously signed the Deposit Agreement. The same process can be repeated in a systematic way until the tenth bid in reserve, if all the previous bids that had preference did not sign the Public Registration of Sale. This data will also be used to inform all the BUs about future auctions in which there will be properties with similar characteristics.
All this information is appropriately protected according to Organic Law 15/1999, regarding personal data protection.

d) Deposit of the bank certified cheque:
Deliver a bank certified cheque made payable to Torrent de Juià S.L. for 5% of the value of the opening bid as a deposit. At this moment the organization of the auction introduces into the computer, jointly with the personal data of each member of the BU, the number of the cheque in order to prepare a Bidder Unit Registration Document, which also becomes a cheque delivery receipt.

When there is a stay in the property, the same cheque written as a deposit for the stay can be used.

e) Registration Document:
With all this data, the organization prints two copies of the Registration Document and delivers them to the BU spokesperson.
The spokesperson and the rest of members of the BU have to sign both copies, deliver one to the organization and keep the other until the end of the auction in order to pick the cheque up if it has not won the auction and has not “interrupted” it.
It is very important to read the Registration Document before signing it, because apart from being a deposit cheque delivery receipt, it also explains the Basis of the auction, which is the document that explains how an auction takes place.
To make the Registration Process more agile it is advisable to arrive an hour before the start of the auction and have read this Document previously, reading it in any of the Explanatory Presentations that are held before each of the auctions.

f) Identifying Plastic Support:
Once one of the signed Registration Document copies has been delivered to the organization, it delivers the numbered plastic support that will enable the BU to accept bids in the auction. Each support has a different number, which is the BU identifying number during the event.

If the Registration Process has already been done at an Explanatory Presentation or any other auction, the steps to follow are the same as those just explained, with the exception that it is not necessary to carry out the steps related to the Consent Document or the Individual Registration Index Card. In these cases the process is much faster because the data has already been entered into the computer. However, the people who form the BU and its spokesperson must also be defined in order to proceed to make the bidder unit registration index card and the rest of the formalities.

To explain the Sistema Torrent, Explanatory Presentations are held periodically and before the auction in the property to be auctioned, which presents an opportunity to visit it. Dates and timetable can be consulted in "Explanatory Presentations".

If requested and without any commitment on your part, we also offer the possibility to make Explanatory Presentations where and when they are required.