IPK Auctions

Operating Model

IPK separates auction infrastructure from mediation, settlement and legal completion.

AMI onboarding

Approved AMI agencies maintain licence, agreement, invoicing and authorised user records.

Property onboarding

Agency teams submit seller, registry, legal, disclosure, reserve and auction information.

Review and approval

Legal, compliance and IPK approval gates must be complete before auction activation.

Bidder activation

Email/phone verification, KYC/AML, proof of funds, deposit receipt and conditional CPCV pre-signing are required.

Auction engine

Live bid ranking, immutable bid logs, reserve logic and repeated five-minute anti-sniping extensions.

Certification

Successful close generates an IPK Auction Result Certificate and activates the conditional CPCV.

Post auction

Participation deposit transfer is tracked by IPK; remaining CPCV deposit and completion occur outside IPK.