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The Reppert School of Auctioneering was founded in 1921 by Col. Fred Reppert of Decatur, Indiana. Fred Reppert started in the auction business as a young boy and quickly rose to the top of his profession, selling auctions in every state of America, and in every province of Canada and Mexico. The school’s tradition as an institution for ...
The Ohio Auction School (OAS) is an auction school located near Columbus, Ohio, United States. [1] Many states require that individuals complete a course of study at a state approved auction school in order to be licensed to practice in that state. The Ohio Auction School provides the mandated instruction for Ohio, [2] Indiana, [3] Texas, [4 ...
Real estate agent. Real estate agents and real estate brokers are people who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. [1] Brokers and agents are licensed by the state to negotiate sales agreements and manage the ...
The practice of auctioneering involves more than the well-known auction chant heard at most auctions in the U.S. . In addition to learning the chant, a typical auction school will provide instruction on the legal requirements involved with auctioneering as well as instruction on how to conduct various types of auctions (livestock, real estate, government, etc.) and how to start and operate a ...
Auctions. A bidding fee auction, also called a penny auction, is a type of all-pay auction in which all participants must pay a non-refundable fee to place each small incremental bid. The auction is extended each time a new bid is placed, typically by 10 to 20 seconds. Once time expires without a new bid being placed, the last bidder wins the ...
Broker's price opinion. A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a ...
Real estate license. A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and many ...
e. A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner. The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure ...