by Myers Jackson | Sep 10, 2022 | Terms
No-Sale Fee A charge paid by the owner of property offered at a reserve auction when the property does not sell. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active...
by Myers Jackson | Sep 10, 2022 | Terms
Intellectual Property IP is a term referring to a number of distinct types of legal monopolies over creations of the mind, both artistic and commercial, and the corresponding fields of law. Under IP law, owners are granted certain exclusive rights to a variety of...
by Myers Jackson | Sep 10, 2022 | Terms
National Auto Auctioneers Association Founded in 1948, the National Auto Auction Association represents more than 317 auto auction companies, both domestic and international, with more than 8.9 million units sold each year. Real estate words and definition...
by Myers Jackson | Sep 10, 2022 | Terms
Hammer Price Price established by the highest bidder and acknowledged by the auctioneer before dropping the hammer or gavel. Hammer price is what is commonly referred to the price obtained after the highest and best bid has been received from an individual or an...
by Myers Jackson | Sep 10, 2022 | Terms
Graduate Personal Property Appraiser The professional designation awarded by the NAA Education Institute to qualified property appraisers who meet the educational and experiential requirements of the Institute and who adhere to a strict code of ethics and standards of...
