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Auctioneer. The person whom the seller engages to direct, conduct, or be responsible for a sale by auction.
Auctioneers conduct sales of real estate, goods and livestock by taking offers from buyers and accepting the highest purchase price. Median weekly wage (full-time, non-managerial, adult rate, before tax, including salary sacrifice).
There are no formal qualifications for being an auctioneer and requirements vary from employer to employer. It is possible to make a direct approach to a firm of auctioneers. If you want to work in fine art, a related art degree helps, as do property qualifications if you intend to be a property auctioneer.
The 3 attributes of good auctioneersExcellent communication skills. Auctioneers form a firm link in the sales process so good ones have evolved to accommodate both buyers' and sellers' needs.Showmanship. Gone are the days of taking bids and simply repeating numbers.Confidence.
Auctioneers charge the seller a commission, which is typically a percentage of the gross sales, or a minimum fee, whichever is greater. For example, an auctioneer charging the seller 15% or $1,000 would earn $1,500 for a $10,000 auction, but earn $1,000 for a $5,000 auction.
Essentially the role of the auctioneer is to control a public negotiation process where potential buyers are competing to buy a property. The auctioneer has to make sure the process takes place in an orderly and legal manner and they must always conduct themselves professionally.
Salaries might start at around £20,000 a year for new entrants, rising to A£24,000 or more. Senior managers can earn up to A£50,000, sometimes more. Self-employed auctioneers depend on commission for their income.
So, yes, it's easy to become an auctioneer. What's hard is to become a competent auctioneer and make a good living at it. It's even harder to become an excellent auctioneer and make a very good living at it; none of the latter is easy by any measure.
How to Become an AuctioneerAttend auctions and observe how they are conducted.Research state or provincial licensing laws and find out the requirements to become an auctioneer in your state or province.Attend auction school.More items...
Essentially the role of the auctioneer is to control a public negotiation process where potential buyers are competing to buy a property. The auctioneer has to make sure the process takes place in an orderly and legal manner and they must always conduct themselves professionally.