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A public sale in which each thing is sold to the person who offers the highest price.A way of marketing
property to the highest bidder. Bids are taken verbally or simultaneously through mail or telegrams, and
the property is sold to the highest bidder.
Auctioning real estate may require both an auctioneer's license
and a real estate license.
Example: Land in Iowa, since it is relatively homogeneous, lends itself to auction
sales where it is sold to the highest verbal bidder.
Example: Fannie Mae agrees to buy mortgages once a week
via an auction. Mortgage sellers state the price or yield they want, and Fannie Mae accepts the highest
yields offered.
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School to prepare all students for the diverse world community through a constantly evolving, multicultural, technology-based core performance in the arts. |
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taalcursus engels Engels leren met EF in drie continenten! Je kunt een Engelse taalcursus volgen in Engeland
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