by Myers Jackson | Sep 10, 2022 | Terms
Dual Agency The representation of opposing principals (buyers and seller) at the same time. 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* First...
by Myers Jackson | Sep 10, 2022 | Terms
Minimum Bid Auction An auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in the brochure and advertisements and is announced at the auctions. Contact Get InTouch Email: 411@myersjackson.com Phone:...
by Myers Jackson | Sep 10, 2022 | Terms
Commission The fee charged to the seller by the auctioneer for providing services, usually a percentage of the gross selling price of the property established by contract (the listing agreement) prior to the auction. Contact Get InTouch Email:...
by Myers Jackson | Sep 10, 2022 | Terms
Collusion The unlawful practice whereby two or more people agree not to bid against one another so as to deflate value or when the auctioneer accepts a fictitious bid on behalf of the seller so as to manipulate or inflate the price of the property. Contact Get...
by Myers Jackson | Sep 10, 2022 | Terms
Clerk An individual employed by the principal auctioneer or auction firm to record what is sold and to whom and for what 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
Public service announcement Auctioneers make cash happen for the seller from the buyer This combination works well together 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,...
