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:...
by Myers Jackson | Sep 10, 2022 | Terms
Broker Participation An arrangement for third-party brokers to register potential bidders for properties being sold at auction for a commission paid by the owner of the property or the auction firm. Broker participation is offered to real estate brokers and their...
by Myers Jackson | Sep 10, 2022 | Terms
Sealed Bid A method of sale where by confidential bids are submitted to be opened at a predetermined place and time. Not a true auction in that it does not allow for reaction from the competitive marketplace. For all active auctions, and properties for sale...
