by Myers Jackson | Sep 10, 2022 | Terms
Cooperating 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 | Sep 10, 2022 | Terms
Withdrawl Failure to reach the reserve price or insufficient bidding. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and properties for sale CLICK...
by Myers Jackson | Sep 10, 2022 | Terms
Catalog or Brochure A publication advertising and describing the property(ies) available for sale at public auction, often including photographs, property descriptions and the terms and conditions of the sale. Real estate words and definition CLICK THIS BUTTON...
by Myers Jackson | Sep 10, 2022 | Terms
US Bureau of Alcohol, Tobacco, and Firearms A unique law enforcement agency of the U.S. Department of Justice that protects our communities from violent criminals, criminal organizations, the illegal use and trafficking of firearms, the illegal use and storage of...
by Myers Jackson | Sep 10, 2022 | Terms
Terms and Conditions The printed rules of the auction and certain aspects of the Purchase & Sale Agreement that are read and/or distributed to potential bidders prior to an auction sale. Real estate words and definition CLICK THIS BUTTON For other words...
by Myers Jackson | Sep 10, 2022 | Terms
Carrying Charges The costs involved in holding a property that is intended to produce income (either by sale or rent) but has not yet done so, i.e., insurance, taxes, maintenance, management. Also known as “holding costs”. Real estate words and definition CLICK...
