I've discussed a number of those with board members, they're definitely the biggies.
Another major point is that a buyer can't sign away his UCC protections. So no matter what your policies are, and whether or not your bidders have agreed to them they can't supersede the UCC. For instance you have to allow bid retractions. You DON'T have to allow someone who has retracted bids to bid in future auctions.
I'm going to seem to contradict myself here so stay with me. You DON'T have to allow sellers to bid. The UCC doesn't protect their ability to do so, it protects the auctions ability to allow them to do so. We don't allow owners to bid.
Licensed auctioneers, in many cases, put in a lot of time and work to get there and they should know these codes backwards and forwards. Some ebay seller or some crazy fly by night online company probably doesn't know, or care about the protections afforded buyers, consignors, and their own business nor the limitations.
You're an auctioneer Henry?
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