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AUCTIONEER

An auctioneer is an individual who is conducting/holding an auction through the acceptance of bids and also the declarations of products which have been sold.

Definition

An auctioneer is an agent selling products/goods at any auction.

Use of Auctioneer in Real Estate

Auctioneers play a vital part in selling various types of properties. They conduct auctions for selling property publicly. These may be held both for companies or individuals. They can be done on the basis of court orders or even bank directives, where defaulter properties are sold by banks for recovering their losses. There could be other private property auctions as well.  Auctioneers are thus a vital part of the real estate ecosystem

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