by Myers Jackson | Sep 10, 2022 | Terms
Master Personal Property Appraiser A professional designation awarded by the NAA Education Institute to help professional auctioneers learn the responsibilities of appraising assets. Designees are taught to conduct a complete and appropriate appraisal, as well as...
by Myers Jackson | Sep 10, 2022 | Terms
Uniform Commerical Code The UCC, first published in 1952, is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all U.S. states. Contact Get InTouch Email:...
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:...
