America's Auctioneer

An Auction Listing Agreement Is Basically a Contract Between You (The Seller) and the Auctioneer. It Gives the Auctioneer the Go-Ahead to Run the Auction for Your Property and Lays Out Everything Both Sides Are Agreeing to, how the Auction Will Work, What Everyone’s Responsibilities Are, and How ...

The American Bankruptcy Institute (ABI) is the nation’s largest multi-disciplinary, non-partisan organization dedicated to research and education on issues related to insolvency, restructuring, and bankruptcy. Founded in 1982, the ABI was established to provide Congress, policymakers, and the pub...

Only under strict authorization with power of attorney give permission for an agent to bid for a buyer. If the agent bids outside of these bound the agent is responsible for the actions taken to bid on the property and must fulfill the obligations as the bidder.

In the world of real estate auctions, professional credibility matters. One of the most respected credentials in this field is the Accredited Auctioneer Real Estate (AARE) designation. This recognition is awarded by the National Auctioneers Association (NAA) Education Institute to auctioneers who...

It’s possible, but skilled auctioneers can recognize true bids. Auctioneers are trained to seek bids but verify authenticity.

An absentee bidder is a person or entity who is not physically present at the auction but still participates by submitting a written, oral, or electronic bid in advance. This bid typically represents the maximum amount the bidder is willing to pay for a particular asset.Absentee bidding is a comm...

No such interface is prohibited. The Department of Justice pursues criminal actions for this behavior that includes bid suppression, bid rigging, payoffs, conspiracy, or any conspiracy to interfere with any portion of the auction process.

The amount offered is a decision for the buyer. The buyer may gain assistance from an appraiser, real estate agent, retain a broker price opinion or consider valuation models to help determine the price the buyer would pay. Ultimately, it is the buyers own decision to offer the price they are wil...

Another question many buyers ask is: Can I make an offer to buy prior to the auction? The answer is yes, but with important considerations.In most cases, sellers are open to offers before the auction begins. However, it’s important to understand that many sellers prefer to follow through with the...

When the seller observes the bidding process, at t any point the seller may accept the bid as presented. If the bid is less than the reserve, the seller, upon such observation the seller may order the auctioneer to reduce the reserve and match the highest bid ultimately authorizing the sale at su...