May 16, at pm. This is quite customary unless the asset total was significant, or possibly if real estate was involved. SarahAnn said:.
August 29, at pm. Using my staff for advertising, and running items for the sellers. Or is that not the right way it would work? Larry bowley said:. October 20, at am. October 27, at pm. Clint Spencer said:. January 13, at pm. Very helpful!
You were one of my instructors at Hondros for my RE license and I am currently tossing around the idea of becoming an auctioneer mainly for farm ground or implement auctions. What, in your opinion, would be an average premium fee for farm ground? January 14, at pm. Great to hear from you. Probably similar fees as traditional real estate transactions, if not a bit higher would be my answer I suppose.
Sheila said:. October 31, at am. October 31, at pm. Whatever the two parties consider fair and reasonable. Deborah Simpson said:. September 16, at am. What percentage can we expect the auctioneer to charge? September 16, at pm. Ronald Westrup said:. November 11, at pm. Years ago I did some work with a reputable auctioneer who charged a modest commission for his services — and did very well out of it. If Auctioneers wish to rob people, then maybe they should wear masks and carry a nice set of pistols as this appears to be akin to Highway robbery!
Kelly Sue Prewitt said:. April 16, at am. I am very interested in becoming an auctioneer. If you could get back with me it would be greatly appreciated the price how long and our jobs readily available and do you help me get started thank you Kelly Prewitt. April 22, at pm. March 22, at am. Despite changes in the mode of conducting auctions and various other advancements, what has managed to remain the same is the payment method of the auctioneers. They have to handle a lot- staging, pricing, negotiating, taking the items under auction, etc.
And even after the sale is confirmed, they undertake the responsibility to deliver and clear payments. With so much responsibility, they deserve what they earn. In this article, we discuss the auctioneer profession, along with information about its typical salary, employment outlook and other job aspects.
An auctioneer is someone who leads and sells items at auctions. An auction represents a public sale where participants bid against one other to purchase merchandise, and the highest bidder wins. Auctioneers display and discuss the items up for auction, then take bids from the audience by calling out their numbers.
These professionals can work within various fields and often choose a specialization. Their typical responsibilities may vary depending on their role. Examples of an auctioneers' duties include:.
Auctioneers receive payment through various methods. As a result, their salaries can vary based on the payment method, along with factors such as their location and level of experience. Some of the ways they receive payment include:. Working on commission, as many auctioneers do, can result in varying salaries for this profession. For example, auctioneers who lead high-end auctions may receive a significant amount of money off that single event. Some examples of high-earning fields for auctioneers include real estate, livestock, art and property auctions.
The U. Bureau of Labor Services does not provide salary information for auctioneers. Bureau of Labor Statistics does not provide employment data for auctioneers. However, it classifies this profession under sales and sales-related occupations. Part of this decline is due to the growth of e-commerce, which may affect some professions within the retail sector. You can learn more about the auctioneer profession by reading the answers to some of these frequently asked questions:.
As mentioned, many auctioneers specialize in a particular area. They may choose these specializations based on their interests in the field or background knowledge and experience.
Some common auctioneer specializations include:. The minimum education required for an auctioneer is a high school diploma or GED. However, some auctioneers attend post-secondary educational institutions. The field of study they pursue can vary on the types of auctions they want to perform. For example, someone interested in art or antique auctions may obtain a fine arts or art history degree.
Having an educational background relevant to their role can help them perform their job effectively. Individuals can also attend an auction school to obtain formal training in this field. The lengths of these programs can vary, with some lasting two to four weeks.
Sometimes, individuals can continue their training by pursuing an apprenticeship with an experienced auctioneer. You can find a list of auction schools across the United States and elsewhere through the National Auctioneers Association. This association also offers continuing education and training opportunities for auctioneers. When earning a percentage of every item sold, an auctioneer's salary can top six figures. The field has been characterized as having an unusual concentration of first-generation millionaires.
On average, full-time auctioneers in the U. Auctioneers preside over auctions where merchandise is sold. The range of auctioned goods is wide and includes the sale of pedigreed racehorses, unclaimed storage unit contents, foreclosed homes and fine art.
Auctioneers call out lot numbers while assistants display the items to be sold, and then they take bids from the audience. A good auctioneer gets the crowd excited and competitive, driving up the price and, as a result, the auctioneer's take. It is a high-powered, public position that is not for everyone, but if you enjoy the spotlight and thrive under pressure, this could be a lucrative career choice.
Auctioneers must be gregarious, excellent networkers and fast, graceful talkers. Being charming, funny and entertaining is a plus when it comes to the business of talking crowds into a frenzy of excited bidding. Usually, auctioneers have assistants who handle the clerical and bookkeeping duties, which means these skills are not as important as leadership, showmanship and salesmanship.
Many people assume that auctioneers are paid an auctioneer commission percentage, but this is not always the case.
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