America's Auctioneer

An auction is a method of selling property in a public forum through open and competitive bidding. Also referred to as a public auction or auction sale, this process brings together buyers and sellers in a structured environment where the highest bid determines the outcome. Auctions have been use...

At its core, an appraisal is the act or process of estimating value. Whether it involves real estate, personal property, or even entire businesses, an appraisal provides a professional opinion on what something is worth. This process plays a vital role in financial transactions, legal matters, an...

 An auctioneer subcontractor is basically an independent auctioneer who gets hired by the main auctioneer (also called the principal auctioneer) to help run an auction. They’re not full-time employees, they're usually brought in just for that specific event.Think of it like this: the principal au...

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.