6.2 Your use of RESO may enable you to participate in a sale process for the Property.
6.3 The Agent or RESO may invite you, through RESO, to participate in the sale process for the Property and you may elect to participate at your discretion. However, not participating in the sale process may result in you not being able to purchase the Property.
6.4 You acknowledge that the Agent or RESO:
6.4.1 is not bound to accept the highest offer or any offer;
6.4.2 may undertake ‘due diligence’ checks on you, including, but not limited to, verifying references and/or referees, and undertaking company searches and credit checks and requiring you to undertake a verification of identity check by or on behalf of the Agent and you must, on demand, produce as proof of identity one or more of an Australian or foreign passport, an Australian drivers licence or card issued by the Commonwealth or any State or Territory (or foreign government) showing a photograph of the holder and enabling the holder to evidence their age and/or their identity, or a full birth certificate or citizenship certificate or descent certificate and a Medicare or Centrelink card or statement from an authorised deposit taking institution;
6.4.3 accepts no responsibility for you misunderstanding or failing to respond correctly to a sale process;
6.4.4 may amend, vary, supplement or terminate a sale process at any time; and
6.4.5 may accept or reject any offer, including the highest offer or negotiate or cease negotiations with any participant in a sale process.
6.5 If you elect to participate in a sale process, then you agree to the terms which apply to that sale process (including the terms of any contract for the sale of the Property), together with the remainder of these Terms.
6.6 After Registration, the Agent may, but is not obliged to, invite you to provide Opening Offers to submit a non-binding indicative offer (‘Indicative Offer).
6.7 The Agent may also, but is not obliged to, invite you to provide Best Offers and or enter a ranking process to submit a binding offer.
6.8 Where you elect to proceed to provide Opening Offers and submit a Indicative Offer, clause 7 applies.
6.9 Where you elect to proceed to Best Offers and/or ranking process and submit an offer, clause 8 applies.
6.10 After any offers, the Agent will ask the seller of the Property to view all of the offers (Seller Review). The seller may decide to not accept any offer, accept one of the offers made (whether or not the highest offer) or alternatively, the Agent and seller might choose to proceed to ranking. The Agent may, but is not obliged to, invite you to the ranking process to submit one or more further offers.
6.11 If the Agent invites you to Ranking and you elect to proceed to submit a further offer, clauses 8 and 9 apply.