The reserve price is the unpublished minimum price that a seller is willing to accept for a property. If the reserve price is met, the highest bid is submitted to the seller for approval depending on seller guidelines. If an auction ends without any bids that meet the reserve price, the seller is not required to sell the property to the highest bidder; however, the seller reserves the right to accept any bid lower than reserve.
Until the reserve has been met, we display a "Reserve is not met" flag on the property details page (PDP) and Dashboard:
Property details page
Once the reserve has been met, a "Reserve is met" flag is displayed on both the PDP and Dashboard:
Property Details Page