by Myers Jackson | Sep 10, 2022 | Terms
Memorandum Also referred to as a “Bidder Acknowledgment,” or “Broker Acknowledgment,” the memorandum is signed by those parties either on the auction floor or in the contract room. Auctioneers will post prior to the auction a document called the “memorandum of bid“ or...
by Myers Jackson | Sep 10, 2022 | Terms
Buyer’s Premium An advertised percentage of the high bid or flat fee added to the high bid to determine the total contract price to be paid by the buyer. A buyers premium was first used in England by what some people say was CRISTI‘s Auction house. This was a fee that...
by Myers Jackson | Sep 10, 2022 | Terms
Uniform Standards of Professional Appraisal Practice USPAP can be considered the quality control standards applicable for real property, personal property, intangibles and business valuation appraisal analysis and reports in the U.S. and its territories. USPAP was...
by Myers Jackson | Sep 10, 2022 | Terms
Buyer’s Broker A real estate broker who represents the buyer and, as the agent of the buyer, is normally paid for his/her services by the buyer. For all active auctions, and properties for sale CLICK THIS BUTTON Contact Get InTouch Email: 411@myersjackson.com...
by Myers Jackson | Sep 10, 2022 | Terms
Seller Entity that has legal possession (ownership) of any interests, benefits or rights inherent to the real or personal property. For all active auctions, and properties for sale CLICK THIS BUTTON Contact Get InTouch Email: 411@myersjackson.com Phone:...
