by Myers Jackson | Nov 14, 2024 | Terms
subject to confirmation A subject to confirmation or reserve auction is an auction in which the final sale price is not automatically binding until it is approved by the seller or another party, such as a reserve holder. The auctioneer or seller may set a reserve...
by Myers Jackson | Nov 14, 2024 | Terms
Paticipating 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 | Nov 14, 2024 | Terms
Listing Agreement A contract executed by the auctioneer and the seller which authorizes the auctioneer to conduct the auction and sets out the terms of the agreement and the rights and responsibilities of each party. Contact Get InTouch Email:...
by Myers Jackson | Nov 14, 2024 | America’s Auctioneer
What does auction mean for 3403 Canada Dr., Dallas TX 75212 The auction process to manage real estate sales. Multiple offers with increased transparency. The only losers are those who do not place a bid. 3403 Canada Dr., Dallas TX 75212 House for Sale at Auction...
by Myers Jackson | Nov 13, 2024 | Terms
Auction Without Reserve An auction where the property is sold to the highest qualified bidder with no limiting conditions or amount. The seller may not bid personally or through an agent. Also known as an “auction without reserve.” For all active...
