Who can bid at an absolute auction, according to the law?

At an absolute auction, the most important aspect is that the property is sold to the highest bidder without any minimum bid or reserve price. This creates a competitive environment where bidders are encouraged to place offers on the item being auctioned.

The correct choice emphasizes that no one can bid on behalf of the seller. This means that the seller cannot contribute to or influence the bidding process by placing bids themselves or through an intermediary. The seller's role is limited to that of a vendor who provides the item for auction; they must remain neutral during the bidding. This rule is designed to promote fairness and transparency in the auction process, ensuring that all bidders have an equal chance to secure the item solely through their own bidding.

While other parties, such as lien holders or licensed representatives of bidders, may have the capacity to engage in the bidding process, the seller's direct involvement is strictly prohibited in an absolute auction scenario. This regulation helps ensure the integrity of the auction, ultimately benefiting both the bidders and the seller by preventing conflicts of interest.