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Real Estate Glossary

Welcome to our online Real Estate glossary. To search for a term, use the search box below. To browse our terms, click on a letter of the alphabet and browse away!

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Reserve Auction: An auction in which the seller reserves the right to establish a reserve price, to accept or decline any and all bids or to withdraw the property at any time prior to the announcement of the completion of the sale by the auctioneer. See also Auction With Reserve.
As defined by National Auctioneers Association

See Also:
 » Auction Subject to Confirmation
 » No-Sale Fee
 » Subject to Confirmation

The definition for Reserve Auction and this glossary as a whole are presented to you as a courtesy of ForeclosuresRI. For other terms, explinations, definitions and descriptions, please visit our Glossary page.



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