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are many types of auctions, however the two main
groups are Movable and Immovable, Real Estate
Auction Sales falls within the grouping of
immovable. then the various types of auctions
are as follows, reserve, absolute, foreclosures
and estate auctions. More than 70% of all Real
Estate sold in SA are through the auction method
of sales. more about
auctions |
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Most
auctioneers have undergone intensive auction
training, real estate training and generally
auction marketing and auction contract training.
Real Estate auctioneers in particular need to
have the Estate Agency Affairs Board CEA to be
accepted into any Real Estate Auction School.
Once this is done the Real Estate Auctioneer
needs to do a thesis over 1 year before obtaining
his diploma in real estate auctioneering. This
is very different to the 3day CEA course to be
recognised and accredited as someone who may
handle real estate sales. More
information on real estate auctioneers will
follow soon. |
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Auctioneers work for the seller and as a result Real Estate Auction Contracts
more commonly known as Conditions of Sales are set in advance. The contract is
generally "voetstoets" and "roukoop" meaning that there are
no suspensive conditions from the buyer's side. However buyers are informed of
the conditions of sale prior to the bid calling begins...Click learn more about auction
contracts
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