Dick’s thought regarded maximizing absentee bids and that practice in relation to the UCC 2-328. As we discussed in our story about...

Nebraska Unicameral Information Office Despite there being only four (4) somewhat small passages making up the UCC 2-328, there is often...

“Where a bid is made while the hammer is falling in acceptance of a prior bid …” meant that somewhere between the “S” and the “D” of the...

Sometimes he buys things and makes money, and other times he buys things and loses money. Cory assumes a risk when he buys something — as...

However we’ll use “real estate” here as this is typically how this question is posed. The UCC 2-328 was finally firmed as to language...

Clearly the use of a computer allows for these counts to be calculated and reported. The more of each is deemed better for the seller;...

One such “playing field” issue is that outside of seller withdrawal, the buyer may retract his bid anytime before the property is deemed...

What traits would the best client have? What traits would the best client not have? If we base our evaluation on what might be a typical...

We write here about our analysis of this somewhat unusual type of auctioneer closing. The UCC 2-328 as adopted by 49 of the 50 states in...

Puffing goes on in the auction business every day. Auctioneers (and sellers utilizing auctioneers) talk to bidders, and represent in...

In other words, could the minimum bids be so low that they affect the final selling prices in a negative fashion? Let’s say … Bob is...

Prevailing theory is that with a commission structure, the auctioneer and client work together with the same interest … the more the...

And as more and more sellers sell their property by auction, some sellers — despite believing in the auction method of marketing — wish...

This 4-paragraph section of state law is the most paramount law for auctioneers in the United States. It dictates, among many things,...

Some have also asked: Is there any evidence of the answer — has there been any research completed on this matter? The answers to these...

As we’re waiting for our entrees to arrive to our table, I asked him a question: “Have you ever had two bids of the same amount come in...

“Is it just me or does “Sealed Bid & Absolute Auction” seem rather confusing? I read about an upcoming auction where it’s called a...

Real property sells at auction quicker and more efficiently than more traditional methods in any market (more supply than demand, or more...

I recall Larry telling me and many others on several occasions that while people attend auctions for the chance to get a deal, that...

Despite there not being any licensing law for online auctions in most states, there is contract law and related statutes which courts use...