Jennings Auction Group

The following is a glossary of general auction terms and real estate auction terms developed by the National Association of Realtors " Real Estate Auction Committee", and the National Auctioneers Association.

AARE (Accredited Auctioneer, Real Estate): The professional designation awarded by the NAA Education Institute to qualified real estate auctioneers who meet the educational and experiential requirements of the Institute and who adhere to a strict code of ethics and standards of practice.Absentee Bid: A procedure which allows a bidder to participate in the bidding process without being physically present.

Benefit auctions are one of the fasting growing segments of the auction business. This course was designed to teach auctioneers the special planning techniques that create successful benefit auctions. Auctioneers that hold the BAS Designation learn specialized skills to assist clients in building a strategy to create a successful and profitable benefit auction event.

Designed for leaders in the industry and auction firm decision-makers, the CAI is an executive development program focused on developing the skills and providing the tools necessary to run a top-notch auction firm. Designation holders have the knowledge and skill necessary to provide high-quality services to all types of clients.

Doctors are not the same. Lawyers are not the same. Real Estate agents are not the same, and auctioneers are not the same. Auctioneers offer a variety of services from specialties to very general auction services. Some are high service providers, and some are lower. Some have professional training, and some do not.