by Myers Jackson | Jan 6, 2025 | Auction News
What is a buyer’s premium? A buyer’s premium is a fee added to your bid price to create the contract price. Buyer’s Premium may be found in other articles within these webpages. For Other Questions About Auctions & Auctioneers CLICK THIS LINK For...
by Myers Jackson | Jan 6, 2025 | Auction News
I want to go to an auction. What should I know before I bid? Understand the terms of the auction and set a budget to avoid getting caught up in the excitement. For Other Questions About Auctions & Auctioneers CLICK THIS LINK For all active auctions...
by Myers Jackson | Jan 6, 2025 | Auction News
How do I become an auctioneer? What’s the path for starting the career? Start by practicing the chant and improving over time. Schools in Iowa, Montana, Texas, Ohio, Indiana, and Florida offer professional auctioneer training For Other Questions About...
by Myers Jackson | Jan 6, 2025 | Auction News
What do auctioneers say? The fast talk you hear is called the “chant,” spoken at about 600 words per minute. Filler words are used between the asking prices. The auctioneer announces the money that has been bid and the amount the auctioneer is asking. I...
by Myers Jackson | Jan 5, 2025 | Auction News
What happens if you win at an auction and can't pay? Winning an auction creates a binding contract. Failure to pay can result in breach of contract, loss of deposits, legal action, and a damaged reputation. You may also face additional costs for relisting. The...
by Myers Jackson | Jan 5, 2025 | Auction News
How will the final payment be calculated? The final payment includes the bid price. The buyer’s premium, auctioneers fee, and additional fees such as closing costs, transfer, documentation and attorney fees are costs in addition to the bid or price offered....
