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Real Estate Glossary

Welcome to our online Real Estate glossary. To search for a term, use the search box below. To browse our terms, click on a letter of the alphabet and browse away!

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Auction: A method of selling property in a public forum through open and competitive bidding. Also referred to as: public auction, auction sale or sale.
As defined by National Auctioneers Association

See Also:
 » AARE (Accredited Auctioneer, Real Estate)
 » Absentee Bid
 » Absolute Auction
 » Accounting of Sale
 » Apprentice Auctioneer
 » Auction Block
 » Auction Listing
 » Agreement
 » Auction Marketer
 » Auction Marketing
 » Auction Marketing Institute
 » Auction Plan
 » Auction Price
 » Auction Subject to Confirmation
 » Auction Value
 » Auction With Reserve
 » Auction Without Reserve
 » Auctioneer
 » Auctioneer Subcontractor
 » Ballroom Auction
 » Bank Letter of Credit
 » Bid
 » Bid Assistants
 » Bid Caller
 » Bidder Number
 » Bidder Package
 » Bookkeeper
 » Broker Participation
 » CAI
 » Caravan Auctions
 » Clerk
 » Catalog or Brochure
 » Collusion
 » Commission
 » Conditions of Sale
 » Cooperating Broker
 » Critical Path
 » Estate Sale
 » Graduate, Personal Property Appraiser (GPPA)
 » Hammer Price
 » Listing Agreement
 » Listing Broker
 » Memorandum
 » Minimum Bid Auction
 » Multi-Property Auction
 » Multi-Seller Auction
 » National Auctioneers Association
 » National Real Estate Auction Committee
 » No-Sale Fee
 » Opening Bid
 » On-site Auction
 » Referring Broker
 » Regroup
 » Reserve
 » Reserve Auction
 » Sale Manager
 » Sealed Bid
 » Subject to Confirmation
 » Tax Sale
 » Terms and Conditions
 » Tie Bids
 » Trustee's Sale

The definition for Auction and this glossary as a whole are presented to you as a courtesy of ForeclosuresMass. For other terms, explinations, definitions and descriptions, please visit our Glossary page.



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