by Myers Jackson | Sep 10, 2022 | Terms
Reserve The minimum price that a seller is willing to accept for a property to be sold at auction. Also known as “reserve price”. Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers Jackson P.O. Box...
by Myers Jackson | Sep 10, 2022 | Terms
Bookkeeper or Clerk The individual responsible for the accounting and paperwork at an auction sale. Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers Jackson P.O. Box 2014, Grapevine, TX 76099 Name*...
by Myers Jackson | Sep 10, 2022 | Terms
Regroup A process used in real estate auctions where a bidder has the opportunity to combine several parcels of land previously selected by other bidders, thereby creating one larger parcel out of several smaller parcels. This process is often used in conjunction with...
by Myers Jackson | Sep 10, 2022 | Terms
Referring Broker A real estate broker who does not have a listing on a property but refers the auction company to a potential seller for an auction. Usually earns a flat fee commission for referring product to an auction company. Contact Get InTouch Email:...
by Myers Jackson | Sep 10, 2022 | Terms
Bidder’s Choice A method of sale whereby the successful high bidder wins the right to choose an asset or assets from a grouping of similar or like-kind assets. After the high bidder’s selection, the asset is deleted from the group, and the second round of bidding...
