by Myers Jackson | Sep 10, 2022 | Terms
Multi-Property Auction A group of properties offered through a common promotional campaign. The properties to be auctioned may be owned by one seller or multiple sellers. Real estate words and definition CLICK THIS BUTTON For other words and definitions related...
by Myers Jackson | Sep 10, 2022 | Terms
Dual Agency The representation of opposing principals (buyers and seller) at the same time. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and...
by Myers Jackson | Sep 10, 2022 | Terms
Minimum Bid Auction An auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in the brochure and advertisements and is announced at the auctions. Real estate words and definition CLICK THIS BUTTON For...
by Myers Jackson | Sep 10, 2022 | Terms
Collusion The unlawful practice whereby two or more people agree not to bid against one another so as to deflate value or when the auctioneer accepts a fictitious bid on behalf of the seller so as to manipulate or inflate the price of the property.  Collusion,...
by Myers Jackson | Sep 10, 2022 | Terms
Clerk An individual employed by the principal auctioneer or auction firm to record what is sold and to whom and for what price. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON...
