Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Conditions of Sale
NAR
Updated 10-31-2026
Conditions of Sale
The legal terms that govern the conduct of an auction, including acceptable methods of payment, terms, buyer's premiums, possession, reserves and any other limiting factors of an auction. Usually included in published advertisements or announced by the auctioneer prior to the start of the auction.
NAR Glossary of Terms
NAR · p. 10
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