Auction with reserve - Study guides, Class notes & Summaries

Auction CORRECT ANSWER The sale of goods or real estate by means of exchanges between an auctioneer and members of an audience There shall be ______ member North Carolina auctioneer commission having the power and responsibilities set out in this chapter. The____ shall appoint the members of the commission. CORRECT ANSWER 5 , Governor "Fund" means Auctioneer Recovery Fund. CORRECT ANSWER True It is legal and ethical for the commission to investigate the background of any applicant app...

Auction Exam Questions With 100% Correct Answers Absentee Bid - answerA procedure that allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or auction company. The particular rules and procedures of absentee bids are unique to each auction company. Absentee Bidder - answerA person (or entity) tha...

Aceable Agent - Principles of Real Estate II Exam Notes 100% Verified TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - answerFormulas to calculate commission? PRINCIPAL - answerWhat is the term that describes the money that is lent? CASH TO CLOSE - answerDown payment minus earnest money? TOTAL SALES PRICE - answerLoan payment + loan principal? ORIGINATION POINTS - answerLoan points/fees charged 1% to compensate loan officers for underwriting and administering...

To loosen credit, the Federal Reserve Board might take all of the following actions EXCEPT correct answers reducing taxes Which of the following is TRUE regarding the preliminary proxy statements? correct answers Preliminary merger proxy statements are always required to be filed with the SEC but preliminary proxy statements are not All of the following are true regarding the audit committee of a public company EXCEPT correct answers An individual who is not on the company's board could b...

Colibri Real Estate (Missouri) Questions and Answers Graded A+ Abandonment Non-payment of taxes Absolute Auction An auction where the property is sold to the highest qualified bidder; there is no minimum bid or reserve or right of confirmation. Also called Without Reserve. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:08 / 0:15 Full screen Brainpower Read More Abstract of Title A brief, chronological summary of the recorded documents affect...

Auction Exam Questions With 100% Correct Answers Absentee Bid - answerA procedure that allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or auction company. The particular rules and procedures of absentee bids are unique to each auction company. Absentee Bidder - answerA person (or entity) tha...

Ky Board Of Auctioneer Test Exam With 100% Correct Answers Absolute Auction - answerAfter the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - answerwhen auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid - answerThe auctioneer m...

Law of Contract 2024 Test Questions And Answers Definition of animus contrahendi - ANSWER The intention of parties to enter into a legally enforceable agreement. Tree types of agreements which are NOT contracts: - ANSWER * Obligatory Agreements * Absolving Agreements * Real/Transfer Agreements Definition of a Contract - ANSWER A contract may be defined as an agreement entered into by two or more persons with the intention of creating legal obligations. A further element ex...

Six Elements of a Valid Contract - ANSWER-* Offer * Acceptance * Consideration * Legal * Capacity * Intent All contracts are either - ANSWER-Bilateral or unilateral Bilateral contract - ANSWER-a promise for a promise Unilateral contract is: - ANSWER-a promise for an act Express contract is: - ANSWER-K where mutual assent of parties is verbal or written Implied contract - ANSWER-K established based on conduct of parties Quasi contract - ANSWER-No K, but courts act as matter...

If proper filing fees are not paid with the registration statement the Administrator will most likely correct answers Enter a denial order that will be released when the fees are received. In the event the proper filing fees are not received, the Administrator will issue a denial order that will be released upon receipt of the fees. Which of the following orders are kept in the specialist's book? correct answers Limit Market public orders are executed without delay unless specifically ...