by Myers Jackson | Sep 10, 2022 | Terms
Critical Path Sequence of key tasks to be done by auction contractor or other designated parties on specified dates, leading to desired goals. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions...
by Myers Jackson | Sep 10, 2022 | Terms
Tie Bids When two or more bidders bid exactly the same amount at the same time. This must be resolved by the auctioneer. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all...
by Myers Jackson | Sep 10, 2022 | Terms
Caveat Emptor A Latin term meaning “let the buyer beware.” A legal maxim stating that the buyer takes the risk regarding quality or condition of the property purchased, unless protected by warranty. This Latin term caveat emptor puts buyers on notice. It is telling...
by Myers Jackson | Sep 10, 2022 | Terms
Cooperating Broker A real estate broker who registers a prospective buyer with the auction company, in accordance with the terms and conditions for that auction. The broker is paid a commission only if his prospect is the high bidder and successfully closes on the...
by Myers Jackson | Sep 10, 2022 | Terms
Withdrawl Failure to reach the reserve price or insufficient bidding. 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 properties for sale CLICK...
