"Public Auction"..... Behind these words stand the ability and
integrity of the auctioneer who serves you in the quick, easy disposal of personal &
real property in the most profitable way: By bringing together interested
buyers in a forum
of competitive bidding! "Bid & Buy" - you set the price!
Your auctioneer will provide you with the knowledge of the community and their buying
style, integrity, honesty, and sense. He provides advice on how to obtain the highest dollar
possible for your for your property!
Q. What are an Auctioneers Qualifications?
A. In Ohio, Auctioneers must be licensed by the state after successful completion of an
oral and written examination. In addition they must be in good reputation and
have trustworthy character. They meet apprenticeship requirements, are at least 18 years of age, and are
capable of posting a $10,000 bond. Auctioneer licenses are renewable annually.
Q. Why are auctioneers necessary and licensed?
A. First, in most instances you cannot hold and auction in Ohio without first obtaining a
licensed auctioneer. Second, your auctioneer knows how to prepare publicity suitable to
the type of auction you are holding and understands the legal stipulations regarding it. Your
auctioneer is a business person who knows how to meet the public and also has the ability
to get the higher dollar for your property. He knows what action to take in dispute of
bids and is fair and equitable to all.
Q. When should you contact an auctioneer?
A. When you are planning: 1. The liquidation of the estate; 2. For the sale of the estate;
3. The disposal of real estate or personal property for the highest dollar; 4. The
resolution of differences among heirs through the fair means of public auction.
After looking over your property, your
auctioneer will give you competent advice on how best to
conduct your auction for the most return. Your auctioneer pledges a clean auction, based
on the force of good salesmanship. He/She pledges to keep you free from
misrepresentation
and to fully comply with the terms of agreement with you and with the laws of the state of
Ohio.
Q. What are my obligations to the Auctioneer?
A. Your obligation is to tell the truth about each item you have for sale. Do not request
any form of fake bidding or deception, because it is a violation of the Ohio
revised code. Secondly, do not withdraw or sell any item at private sale prior to the
auction and after your advertising is drafted, unless your auctioneer has given permission.
Do not bid or enlist the aid of friends to "bid up" prices during the sale. Rely
on your auctioneer to conduct the sale and fully comply with the terms of the contract
necessary to hold an auction.
Q. How much do I pay the Auctioneer?
A. It depends on the agreement signed by you and your auctioneer.
This is usually on a
percentage basis but is sometimes a flat fee. Fees vary according to what is being
sold and whether the items are real property or personal items, etc.
Your auctioneer will explain all the
details to you. Remember, professional auctioneers don't cost you money, they make you
profit.
Q. Why is more real property being sold at auction?
A. More real property is being sold at auction because it's a fast and efficient way to obtain the top dollar the market will bear.
Auction encourages supervised competition between those interested in purchasing.
An auction is a
motivating experience which encourages spending.
Q. What are some further details?
A. GIVE DENVER A CALL! He'll be happy to discuss REAL ESTATE AT
AUCTION with you!
