by Myers Jackson | Sep 10, 2022 | Terms
Certified Auctioneers Institute The professional designation awarded to practicing auctioneers who meet the experiential, educational and ethical standards set by the NAA Education Institute. In order to be granted the CAI designation, auctioneer scholars must have...
by Myers Jackson | Sep 10, 2022 | Terms
Critical Path Sequence of key tasks to be done by auction contractor or other designated parties on specified dates, leading to desired goals. Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers...
by Myers Jackson | Sep 10, 2022 | Terms
Tie Bids When two or more bidders bid exactly the same amount at the same time. This must be resolved by the auctioneer. 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,...
by Myers Jackson | Sep 10, 2022 | Terms
Caveat Emptor A Latin term meaning “let the buyer beware.” A legal maxim stating that the buyer takes the risk regarding quality or condition of the property purchased, unless protected by warranty. Contact Get InTouch Email: 411@myersjackson.com Phone:...
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
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. Contact Get InTouch Email: 411@myersjackson.com...
