As it was, is, or as it will be?
When buyers buy anything at auction — particularly “AS IS and WHERE IS” — we would propose the buyer accepts …
When buyers buy anything at auction — particularly “AS IS and WHERE IS” — we would propose the buyer accepts …
Many who sell real property at auction are required to disclose all known (should have known) material (latent) facts about …
We’ve held that auctioneers should disclose all known material facts concerning any property they are putting up for auction. This …
Auctioneers are fiduciaries for their sellers or consignees. Auctioneers owe clients (principals) obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care. …
It’s interesting to me that terms and conditions — particularly for real property auctions — keep getting longer and longer. …
Some states and some courts have adopted the Restatement (Second) of Torts § 551 (1965) and as such § 551. …
How do auctioneers know something? How does anyone know anything? Generally, people learn things through observation and research. We either …
This is an “Iron Clad” 4 Quart Watering Can. Best I can tell it’s in good shape and likely is …
It’s always been prudent for auctioneers to disclose any latent and/or hazardous conditions about property they are putting up for …
Our topic here concerns the sale of a horse named Eloquent Diva at auction where the buyer found shortly thereafter …
There might not be one auctioneer on earth who hasn’t uttered the words, “You’re buying today as-is.” or something to …
Four words: (1) All (2) known (3) material (4) facts. There might not be a real estate agent in the …
First, let us say that at most all auctions in the United States, the seller’s identity is not advertised nor …
It is commonly ruled in courts all over the United States that auctioneers (and other like agents) must disclose all …
If there is one phrase auctioneers use routinely — more often than any other — it may be the phrase: …
We recently wrote about a buyer desiring his identity and sales price kept confidential at auction. Now, we discuss here the issues involved regarding a seller keeping his identity and sales prices confidential at auction.
Will all auctions be online only by 2015? What exactly is an online only auction? Why not allow bidders to bid live, via phone, or absentee if they desire? Are we as auctioneers worried about our own profit, or our client’s profit?