The “National Real Estate Trade Association” has a link to provide their members and the public with information regarding real estate...

When I attended auction school I was told two things I’ve repeated my entire life thereafter to other auctioneers. In fact, I’ve heard...

Almost all auctions use a sense of urgency in that bidders must make up their minds quickly. A live auctioneer may only take bids for 30...

I remember an auctioneer calling me — maybe 30 years or so ago — and asking what the licensing process was in a certain state for...

Some auctioneers refer to seller bidding (in a with reserve or forced sale auction) as counterbidding (counter-bidding.) Despite bids...

I’m sometimes mystified by how some auctioneers view their business model. We’ve held for decades that all auction bidders/buyers are...

Two American economists won the Nobel Prize on Monday, October 12, 2020 — namely Paul R. Milgrom Ph.D. and Robert B. Wilson DrBA — for...

We’ve said it. Many auctioneers have said it. We need (or secure) the “right” bidders for your auction. But, who are they? Do they...

Ever since the Internet became the place to advertise auctions, auctioneers have used it to advertise such including advertising...

We’ve sold a bunch of real property (real estate) at auction. One thing is obvious — other than selling “absolute” to the highest bidder...

Given some auctioneers misrepresent property in online auctions, and the high bidder has recourse against that auctioneer for doing so,...

It sometimes gets even more crazy. The auctioneer is selling personal property “AS IS” and is disclaiming any warranties expressed or...

Many auctioneers attempt to disclaim anything they say and imply, and we’ve noted that auctioneers cannot successfully disclaim...

As auctioneers, we’re all trying to maximize the seller’s position. In that spirit, some argue that if a higher bid (or even another bid...

Do “disclaimers” ever end up in court? They do, and maybe the most famous ruling (in part) concerning a disclaimer was ruled upon just...

I’m reviewing some terms and conditions for a without-reserve “absolute” auction and specifically trying to reconcile these terms with...

Sometimes it’s this flagrant. The auction is advertised as absolute but it’s not. Why would an auctioneer do this? The word,...

Countless auctioneers and those in the auction business believe they have the discretion per state law to reopen a so-called “tie-bid” —...

Sometimes I’m so pleasantly surprised, I feel that it’s my duty to share the good news. Here’s an online auction platform that requires...

Why is it in every auctioneer’s interest to treat their bidders in a reasonable fashion? As Peter Gehres so aptly notes, so those...