In the case of property being sold at auction, which of the following is not required to be disclosed by the auctioneer?

In any auction setting, transparency is crucial to maintain trust between the auctioneer, sellers, and bidders. The auctioneer is required to disclose major property defects because this information directly influences the bidders' decisions about the property's value and their willingness to participate in the auction. Any undisclosed defects can lead to potential disputes or liability issues later.

The methods of payment accepted must also be communicated, as this informs bidders of their options and ensures that they can facilitate their bids appropriately. Knowing how to pay is fundamental for participating in any auction process.

Details surrounding the auction's purpose can be essential for understanding the context of the sale, which can affect both the perceived value and the auction strategy of the bidders.

However, the auctioneer's personal opinion of value does not have to be disclosed. This opinion is subjective and may not reflect the actual market value of the property. The auctioneer's role is to facilitate the auction, and providing a personal opinion may introduce bias and distort the nature of the auction process, which should be based on open bidding rather than personal assessment. Therefore, while it might influence a bidder’s perspective, it is not a requirement to disclose it.