MS Auctioneer case studies
MS Auctioneer · Put your knowledge to work in context.
The Mississippi Auctioneer license is a state credential that authorizes a person to conduct auctions and to advertise, contract, and settle for auction sales in Mississippi. It is meant for people entering the auction profession, for established auctioneers moving into the state, and for allied professionals such as estate liquidators, equipment dealers, and real property brokers who want a compliant auction practice. The MS Auctioneer case studies are 5 cases and about 3,005 words.
1Unlicensed Bid Calling at a Mississippi Estate Auction
Dana owns Delta Line Auctions and holds a current Mississippi auctioneer license. She contracts to conduct an estate auction in Greenville for the executor of a 40-year collection of farm equipment.
646 words, about 3 min2Deposit Commingling and Early Disbursement Pressure
Magnolia Equipment Auctions conducts a heavy-equipment sale for a Mississippi contractor. The high bidder on a hydraulic excavator is a paving company at 420,000.
602 words, about 3 min3As-Is Auction of Equipment With a Prior Perfected Lien
At a public auction of a closed bakery, the catalog and handbill state: Absolute auction, as-is where-is, no warranties express or implied. A buyer pays $18,000 for a commercial dough mixer.
649 words, about 3 min4Absolute Auction Advertising Conflicting With a Secret Reserve
Tri-County Realty and Auction advertises a 120-acre Mississippi farm as an Absolute Auction, sells to the highest bidder regardless of price. The auction firm's principal holds both a Mississippi real estate broker license and an auctioneer license.
594 words, about 3 min5Online Shill Bidding and an Undisclosed Buyer's Premium
Riverbend Online Auctions lists a restored 1957 tractor with a starting bid of 9,000 and a buyer's premium described only as an 18 percent administrative fee in the final invoice, not in the listing. During the seven-day auction, a bidder using the screen name DeltaDirt places 14 bids that move the price from 9,000 to 16,500.
514 words, about 3 min