by Myers Jackson | Sep 10, 2022 | Terms
Real Estate Real estate, also known as real property, is a legal term that encompasses land along with improvements to the land, such as buildings, fences, wells and other site improvements that are fixed in location — immovable. For all active auctions, and...
by Myers Jackson | Sep 10, 2022 | Terms
Bid Rigging The unlawful practice whereby two or more people agree not to bid against one another so as to deflate value. See “Collusion”. 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
Bid Caller The person who actually “calls,” “cries” or “auctions” the property at an auction, recognizing bidders and acknowledging the highest bidder. Commonly known as the auctioneer. For all active auctions, and properties for sale CLICK THIS BUTTON Contact...
by Myers Jackson | Sep 10, 2022 | Terms
Bid Assistants Individuals of a live auction team whose primary responsibility is to accurately interpret and effectively communicate buyer participation to their auctioneer. They should also be qualified to assist prospective bidders with the necessary information to...
by Myers Jackson | Sep 10, 2022 | Terms
Bid Acknowledgment A form executed by the high bidder confirming and acknowledging the bidder’s identity, the bid price and the description of the property. Also known as “Memorandum.” For all active auctions, and properties for sale CLICK THIS BUTTON Contact...
by Myers Jackson | Sep 10, 2022 | Terms
Bid A prospective buyer’s indication or offer of a price they are willing to pay to purchase property at auction. Bids are usually in standardized increments established by the auctioneer. For all active auctions, and properties for sale CLICK THIS BUTTON...
