A real estate professional who represents the buyer in a real estate transaction.
A real estate professional who represents the buyer in a real estate transaction.
The dollar amount by which the current bid is advanced.
A method of sale whereby the successful high bidder wins the right to choose a lot or lots from a grouping of similar or like-kind items. After the high bidder’s selection, the lot is deleted from the group, and the second round of bidding commences, with the high bidder in round two choosing a lot,… Continue reading BIDDER’S CHOICE (BUYER’S CHOICE)
The number issued to each person who registers at an auction.
A bidder’s kit is the package of information and instructions pertaining to the real estate property being offered for sale at auction.
A well-run auction is one of most efficient ways of converting real and personal property into immediate cash. There are many benefits to selling at auction: the flexibility of deciding what and when to sell creating a competitive atmosphere to arrive at fair market value converting property to cash quickly taking advantage of our expertise… Continue reading What are the advantages to selling at auction?
Employees of the auction company who assist the auctioneer in recognizing bids from prospective buyers. They also provide information to prospective bidders to assist them in their buying decision. They are also known as ringmen or bid spotters.
An offer of a price that a bidder is willing to pay for property at auction. Bids are usually in standardized increments established by the auctioneer.
An auction conducted in a room in which the bidders are seated and the property offered for sale is displayed on projection screens.
The podium or raised platform where the auctioneer stands while conducting the auction. Placing (an item) on the auction block means to sell something at auction.