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I do not believe the auctioneer can bid on the unit being auctioned. Check specific state lien laws though. They vary quite a bit from state to state.
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∙ 12y ago
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Do you have to be a certified auctioneer to bid on unclaimed storage units in Canada?
You don't have to be an licensed auctioneer to bid, but you have to be an auctioneer to call bids.
How does a bidder at a live auction indicate to an auctioneer that the bidder will not bid higher?
Usually the auctioneer points at you or says something that stands out about you and gives you a higher price, and usually the bidder shakes his head or shakes his finger to indicate that he won't be going higher
Can the auctioneer bid at an auction?
In some cases, an auctioneer may be allowed to bid at an auction, but this must be clearly disclosed to all participants before the auction begins. The auctioneer's bids are typically referred to as "house bids" and are used to stimulate competition among bidders. It is important for the auctioneer to follow all regulations and guidelines to ensure transparency and fairness during the auction process.
Can auctioneer refuse to accept highest bid?
Yes. The rule is that the bidder is making an offer to buy and the auctioneer accepts this in whatever manner is customary, usually the fall of the hammer. A bidder may withdraw his or her bid at any time before the fall of the hammer, but any bid in any event lapses as an offer on the making of a higher bid, so that if a higher bid is made, then withdrawn before the fall of the hammer, the auctioneer cannot then purport to accept the previous highest bid. If an auction is without reserve then whilst there is no contract of sale between the owner of the goods and the highest bidder (because the placing of goods in the auction is an invitation to treat) there is a collateral contract between the auctioneer and the highest bidder that the auction will be held without reserve (i.e., that the highest bid, however low, will be accepted).
Does the US government use the dutch auction to support government finances?
Dutch auction is a type of auction wherein the auctioneer begins with the highest bid. The US government makes use of this type of auction to support its government finances.?æ
What occurs at an auto auction?
An auto auction is simply an auction which only includes automobiles. An automobile is put up for bid. Either an auctioneer notes the bids and people try to outbid each other at the same time, or written bids are placed in a container (this is called a silent auction).
Can an auctioneer advance the bid?
Yes, but only if they have the profits to.
What is meant by winning bid at an auction?
If you have the winning bid at an auction, then you have won that item with the bid you placed. After you pay for the item, it will be transferred to you.
Is bid a verb?
Depending on use it is a verb or a noun. He bid on the auction lot. verb He placed a bid on the auction lot. noun
Do they sell salvaged cars over there?
Going to an Auctioneer such as Pickles is a place where there are many used vehicles. Some have been repossessed and some have damage from vehicle accidents and such. You can either attend the auction and bid or vehicles can be purchased at reasonable prices prior to auction day.
How do you use the word bid in a sentence?
She placed a bid on the antique book at the auction.
What is the part of speech for bid?
Bid can be a noun or a verb. As a noun "He sealed his bid." As a verb "He bid on the auction."
