CPPDSM4019A-Prepare for Auction and Complete Sale - Management Assignment Help

Assignment Task

The definition an auction sale is:

a. a public sale of property in which the highest bidder is normally the purchaser of the property
b. buyers write down bids
c. sellers advertise a price and buyers make offers

2. An auction marketing plan needs to be confirmed with the seller prior to any marketing.
a. true
b. false

3. The main types of marketing plans include:
a. open house inspections
b. internet marketing
c. signboard
d. local newspaper advertising
e. all the above

4. Effective marketing is successfully monitored by...?

a. having written set procedures and systems that everyone works with
b. chatting with buyers to see how they heard about the property
c. responding to emails

5. Offers received prior to an auction are not required to be presented to the vendor. Only bids made on the day need be presented.
a. true
b. false

6. The following must occur prior to the day of the auction.
a. confirming of venue
b. inspection of property by the auctioneer
c. reserve price is confirmed
d. contract is available
e. all the above

7. On the auction day, the agency should ensure that:
a. the vendor leaves for the day
b. there are refreshments available for the bidders
c. the auction conditions of the sale are displayed

8. The reserve price…
a. is a price below which the vendor will not sell
b. is a guide for the auctioneer as to where he can start the bidding
c. is a price that the buyers

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