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Frequently Asked Questions


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A: [The Subscription is simply a pay as you earn plan , Our Toll Free Number automaticly forwards all calls to you from your Franchise- *AREA CODE*. We at Picker News, DO NOT want anyone to purchase a OUTLET if it's not something they can MAKE it work/Earn for themselves. Our Support Team is 100% Commited to our OUTLET's Success as it's a reflection of our Core Belief and Motto "Share The Wealth" ]

Q: [Can I Cancle at any time if Its Not All You Claim It to be?]
A: [ABSOLUTELY ! This is what the Subscriptions are intended to be! We want Outlet Owner to cancel and Eventually BUY OUT the Franchised AREA CODE and Buy Even more! However, should this business not be All We Claim and you simply want out of subscription, it's a done deal! **WE have 3 levels of subscription and each has a PAY OFF price intended for your Ownership**. The levels however do offer a pay to own or just try it out levels intended to keep available Outlets open for online auction bids. 100% Ownership Prices are Straight Up and Always Available, however some folks may wish to Prove its Value prior to purchase or simply NEED payments.]

Q:[What do you mean by keep Outlet Available for Online Auctions?]

A:[Ebay and other online auctions are our format to offer these opportunities, Until full payment of Lease to Own Subscription is used We Own All Rights to Our Area Codes **Franchises are Area Code Based** Available Our #1 Sales come from word of mouth and mostly from the 100% +Positive+Feed Backs we have EARNED on Ebay and other Online sources as well as Family and Friends of our customers We have picked and have Paid Cash to. These New Picker News Friends often talk and refer our services ! *Finest Kind* of Advertising ! ]


A:[ABSOLUTLY YES . *However we are not interested in your credit history*

Our No Malarkey Promise

Requires a Criminal background Screening we use  Everyone is required to jump thru this hoop of fire for Obvious reasons our Clients Need this peace of mind.

 In Addition require employees to pass a Client Respect course which is common sense and there is good information on how to Approach Clients and begin a Positive relationship of Respect and Trust, How to handle other peoples property and *PICK* with Respect and Professionalism, How to Work The *ART OF THE DEAL* Oddly requires More listening Less talking w/Simple Direct Replies to Questions.*Highly Effective Techniques*



Q:[What if I never Picked Professionally? Will I Get training?]

A:[Training is Endless! Ask any PRO. there's always more to learn and Research Methods Change Often as technology is Improving, Yet The GoTo Guys & Gals in the Biz are as diversified as the Catagories each with Their Own Lingo and Expertise. In This Business there's the Usual Mumbo Jumbo and Strick Rules of ethical Practices Known as the Code of Ethics**See Article Below**.]

  • About NETXLNT/PICKER NEWS - Affiliate Organizations

    The auction industry is exceptionally diverse, and professional Auctioneers provide clients with professional auction services to many clients and industries. The PICKER NEWS/ NETXLNT works with numerous organizations that partner with professional Auctioneers and work together to promote the use of auctions and PICKER NEWS/ NETXLNT Auctioneers.


    · National Auctioneers Association Auxiliary

    · National Auctioneers Foundation


    · American Bankruptcy Institute

    · American Society of Appraisers

    · Livestock Marketing Association

    · National Association of Bankruptcy Trustees

    · National Association of Realtors

    · National Auto Auctioneers Association

    · The Appraisal Foundation


    · Alabama Auctioneers Association

    · Arizona State Auctioneers Association

    · Arkansas Auctioneers Association

    · Auctioneers Association of Maryland

    · Auctioneers Association of North Carolina

    · California State Auctioneers Association

    · Colorado Auctioneers Association

    · Florida Auctioneers Association

    · Georgia Auctioneers Association

    · Idaho Association of Professional Auctioneers

    · Illinois State Auctioneers Association

    · Indiana Auctioneers Association
    director@indiaPicker News/ NETXLNTuctioneers.org

    · Iowa Auctioneers Association

    · Kansas Auctioneers Association

    · Kentucky Auctioneers Association

    · Louisiana Auctioneers Association
    info@louisiaPicker News/ NETXLNTuctioneers.org

    · Maine Auctioneers Association

    · Massachusetts Auctioneers Association

    · Michigan State Auctioneers Association

    · Minnesota State Auctioneers Association

    · Mississippi Auctioneers Association

    · Missouri Professional Auctioneers Association

    · Montana Auctioneers Association

    · Nebraska Auctioneers Association

    · New Hampshire Auctioneers Association

    · New Jersey State Society of Auctioneers

    · New York State Auctioneers Association

    · North Dakota Auctioneers Association

    · Ohio Auctioneers Association

    · Oklahoma State Auctioneers Association

    · Pennsylvania Auctioneers Association

    · South Carolina Auctioneers Association
    SCAA@southcaroliPicker News/ NETXLNTuctioneers.org

    · South Dakota Auctioneers Association

    · Tennessee Auctioneers Association

    · Texas Auctioneers Association

    · Utah Auctioneers Association

    · Virginia Auctioneers Association

    · Washington Auctioneers Association

    · West Virginia Auctioneers Association

    · Wisconsin Auctioneers Association

    · Wyoming Auctioneers Association


    Absentee Bid

    A procedure that allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or auction company. The particular rules and procedures of absentee bids are unique to each auction company.

    Absentee Bidder

    A person (or entity) that is not present at the auction but submits, in advance, a written or oral bid that is the top price they will pay for a given asset.

    Absolute Auction

    An auction where the property is sold to the highest qualified bidder with no limiting conditions or amount. The seller may not bid personally or through an agent. Also known as an “auction without reserve.”

    Accounting of Sale

    A report issued to the seller by the auctioneer or auction company detailing the financial aspects of the auction.

    Accredited Auctioneer Real Estate (AARE)

    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. In order to be designated with the AARE, auctioneer-scholars are required to complete 42 classroom hours, a detailed written auction summary report, proof of at least 10 real estate auctions, and 24 hours of continuing education every three years.


    A person who acts on behalf of another individual or entity.

    America Bankruptcy Institute (ABI)

    The American Bankruptcy Institute is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues.

    America Society of Appraisers (ASA)

    The American Society of Appraisers is an international organization of appraisal professionals and others interested in the appraisal profession. ASA is the oldest and only major appraisal organization representing all of the disciplines of appraisal specialists.


    The act or process of estimating value.

    Appraisal Foundation, The

    A not-for-profit organization dedicated to the advancement of professional valuation, established by the appraisal profession in the U.S. in 1987. Since its inception, the Foundation has worked to foster professionalism in appraising. It is authorized by Congress as the source of appraisal standards and appraiser qualifications.

    Apprentice Auctioneer

    An auctioneer who is in training, operating under the supervision of a licensed or experienced auctioneer.

    As Is

    Selling the property without warranties as to the condition and/or the fitness of the property for a particular use. Buyers are solely responsible for examining and judging the property for their own protection. Otherwise known as "As Is, Where Is" and "In its Present Condition."


    A method of selling property in a public forum through open and competitive bidding. Also known as “public auction” or “auction sale.”

    Auction Block

    The podium or raised platform where the auctioneer stands while conducting the auction. "Placing (an item) on the auction block" means to sell something at auction.

    Auction Listing Agreement

    A contract executed by the auctioneer and the seller which authorizes the auctioneer to conduct the auction and sets out the terms of the agreement and the rights and responsibilities of each party.

    Auction Marketer

    An individual who contracts with sellers for the auction method of marketing property. In the case of real property, the individual may not actually conduct the sale but is directly responsible for all aspects of marketing the property.

    Auction Marketing

    The method of marketing assets utilizing the auction method of sale.

    Auction Plan

    The plan for pre-auction, auction-day and post-auction activities.

    Auction Price

    The price of a property obtained through the auction method of marketing.

    Auction Subject to Confirmation

    (See "Reserve Auction")

    Auction Technology Specialist (ATS)

    A professional designation awarded by the NAA Education Institute to help professional auctioneers understand today's technology and how to use it to improve their business. ATS auctioneers gain experience in conducting live and online static auctions. In order to be designated with the ATS, auctioneer-scholars are required to complete 21 classroom hours, proof of at least three online auctions and 24 hours of continuing education every three years.

    Auction Value

    The price that a particular property brings via competitive bidding at public auction.

    Auction With Reserve

    An auction in which the seller or his agent reserves the right to accept or decline any and all bids. A minimum acceptable price may or may not be disclosed and the seller reserves the right to accept or decline any bid within a specified time.

    Auction Without Reserve

    (See "Absolute Auction")


    The person whom the seller engages to direct, conduct, or be responsible for a sale by auction. This person may or may not actually call or “cry” the auction.

    Auctioneer Subcontractor

    An auctioneer hired by the principal auctioneer. Also known as a “Contract Auctioneer.”


    Ballroom Auction

    An auction of one or more properties conducted in a meeting room facility.

    Bank Letter of Credit

    A letter from a bank certifying that a named person is worthy of a given level of credit. Often requested from prospective bidders or buyers who are not paying with currency at auctions.

    Benefit Auction Specialist (BAS)

    A professional designation awarded by the NAA Education Institute designed to teach professional auctioneers the planning techniques that create successful benefit auctions. BAS auctioneers learn marketing skills and create a business strategy to build their clientele and profits. In order to be designated with the BAS, auctioneer-scholars are required to complete 21 classroom hours, a detailed written auction summary report, proof of at least six benefit auctions and 24 hours of continuing education every three years.


    A prospective buyer's indication or offer of a price they are willing to pay to purchase property at auction. Bids are usually in standardized increments established by the auctioneer.

    Bid Acknowledgment

    A form executed by the high bidder confirming and acknowledging the bidder's identity, the bid price and the description of the property. Also known as "Memorandum."

    Bid Assistants

    Individuals of a live auction team whose primary responsibility is to accurately interpret and effectively communicate buyer participation to their auctioneer. They should also be qualified to assist prospective bidders with the necessary information to make a better informed buying decision. Also known as “ringmen”, “bid spotters” or “groundsmen.”

    Bid Caller

    The person who actually "calls," "cries” or "auctions" the property at an auction, recognizing bidders and acknowledging the highest bidder. Commonly known as the auctioneer.

    Bid Rigging

    The unlawful practice whereby two or more people agree not to bid against one another so as to deflate value. See “Collusion”.

    Bidder Number

    The number issued to each person who registers at an auction.

    Bidder Package

    The package of information and instructions pertaining to the property to be sold at an auction event obtained by prospective bidders at an auction. Also referred to as “bidder packet” or “due diligence packet.”

    Bidder's Choice

    A method of sale whereby the successful high bidder wins the right to choose an asset or assets from a grouping of similar or like-kind assets. After the high bidder's selection, the asset is deleted from the group, and the second round of bidding commences, with the high bidder in round two choosing an asset, which is then deleted from the group and so on, until all assets are sold. Also known as “Buyer’s Choice.”

    Bookkeeper or Clerk

    The individual responsible for the accounting and paperwork at an auction sale.

    Broker Participation

    An arrangement for third-party brokers to register potential bidders for properties being sold at auction for a commission paid by the owner of the property or the auction firm.

    Buyer's Broker

    A real estate broker who represents the buyer and, as the agent of the buyer, is normally paid for his/her services by the buyer.

    Buyer's Premium

    An advertised percentage of the high bid or flat fee added to the high bid to determine the total contract price to be paid by the buyer.


    Caravan Auctions

    A series of on-site auctions advertised through a common promotional campaign.

    Carrying Charges

    The costs involved in holding a property that is intended to produce income (either by sale or rent) but has not yet done so, i.e., insurance, taxes, maintenance, management. Also known as “holding costs”.

    Catalog or Brochure

    A publication advertising and describing the property(ies) available for sale at public auction, often including photographs, property descriptions and the terms and conditions of the sale.

    Caveat Emptor

    A Latin term meaning "let the buyer beware." A legal maxim stating that the buyer takes the risk regarding quality or condition of the property purchased, unless protected by warranty.

    Certified Auctioneers Institute (CAI)

    The professional designation awarded to practicing auctioneers who meet the experiential, educational and ethical standards set by the NAA Education Institute. In order to be granted the CAI designation, auctioneer scholars must have been practicing full-time auctioneers for at least two year (prior to attending the institute), attend all three years of CAI with more than 120 classroom hours, complete all special projects and complete 24 hours of continuing education every three years.

    Certified Estate Specialist (CES)

    A professional designation awarded by the NAA Education Institute to help professional auctioneers understand how to properly conduct and deal with the settling of estates. The course also educates professional auctioneers on working with family members and dealing with lawyers and accountants. In order to be designated with the CES, auctioneer-scholars are required to complete 21 classroom hours and complete 24 hours of continuing education every three years.


    An individual employed by the principal auctioneer or auction firm to record what is sold and to whom and for what price.


    The unlawful practice whereby two or more people agree not to bid against one another so as to deflate value or when the auctioneer accepts a fictitious bid on behalf of the seller so as to manipulate or inflate the price of the property.


    The fee charged to the seller by the auctioneer for providing services, usually a percentage of the gross selling price of the property established by contract (the listing agreement) prior to the auction.

    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. Also known as “Terms & Conditions”.

    Conference and Show (C&S)

    Annual conference and exposition of the National Auctioneers Association. Also known as “International Auctioneers Conference & Show”.

    Continuing Education Units (CE's or CEU)

    A measure used in continuing education programs, particularly those required in a licensed profession in order for the professional to maintain the license.


    An agreement between two or more persons or entities which creates or modifies a legal relationship.

    Cooperating Broker

    A real estate broker who registers a prospective buyer with the auction company, in accordance with the terms and conditions for that auction. The broker is paid a commission only if his prospect is the high bidder and successfully closes on the property. Also known as a “participating broker”.

    Critical Path

    Sequence of key tasks to be done by auction contractor or other designated parties on specified dates, leading to desired goals.


    Dual Agency

    The representation of opposing principals (buyers and seller) at the same time.

    Due Diligence

    The process of gathering information about the condition and legal status of assets to be sold.


    Education Institute (EI)

    NAA members are selected by the NAA Board of Directors to be Trustees of the Education Institute and carry out the association’s mission of continuing education to NAA members.

    Estate Sale

    The sale of property left by a person at his or her death. An estate auction can involve the sale of personal and/or real property.


    Federal Deposit Insurance Corporation (FDIC)

    The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships.

    Federal Home Loan Banks (FHLB)

    The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the U.S. and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world.

    Federal Housing Administration (FHA)

    The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the U.S. and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world.


    Graduate Personal Property Appraiser (GPPA)

    The professional designation awarded by the NAA Education Institute to qualified property appraisers who meet the educational and experiential requirements of the Institute and who adhere to a strict code of ethics and standards of practice. In order to be designated with the GPPA, auctioneer-scholars are required to complete 35 classroom hours, a detailed written appraisal report and proof of at least two affidavits of appraisals. This designation also requires 24 hours of continuing education every three years.


    Hammer Price

    Price established by the highest bidder and acknowledged by the auctioneer before dropping the hammer or gavel.


    Intellectual Property (IP)

    IP is a term referring to a number of distinct types of legal monopolies over creations of the mind, both artistic and commercial, and the corresponding fields of law. Under IP law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; words, phrases, symbols and designs.

    International Auctioneer Champion (IAC)

    Annual contest hosted by the National Auctioneers Association at its Conference & Show for bid-calling auctioneers. Each year, one female and one male auctioneer is declared the winner of the IAC.

    International Society of Appraisers (ISA)

    The ISA is a not-for-profit, member-driven association formed to support ISA member needs and serve the public by producing highly qualified and ethical appraisers who are recognized authorities in professional personal property appraising.


    Listing Agreement

    See “Auction Listing Agreement”.

    Listing Broker

    A real estate broker who has a listing on a property and cooperates with the auction company by allowing the auction agreement to supersede their listing agreement.

    Livestock Marketing Association (LMA)

    The LMA is an association committed to the support and protection of the local livestock auction markets and the livestock marketing industry.


    Market Value

    The highest price that a property will bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus.

    Master Personal Property Appraiser (MPPA)

    A professional designation awarded by the NAA Education Institute to help professional auctioneers learn the responsibilities of appraising assets. Designees are taught to conduct a complete and appropriate appraisal, as well as taught to know the various factors that affect the value of appraised items. MPPA designees specialize in one or more of the following areas: antiques & estates, plant machinery & equipment, construction & agricultural equipment or small business valuation. In order to be granted an MPPA designation, the auctioneer must already be credentialed with the GPPA.


    Also referred to as a "Bidder Acknowledgment," or "Broker Acknowledgment," the memorandum is signed by those parties either on the auction floor or in the contract room.


    Also referred to as a "Bidder Acknowledgment," or "Broker Acknowledgment," the memorandum is signed by those parties either on the auction floor or in the contract room.

    Minimum Bid Auction

    An auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in the brochure and advertisements and is announced at the auctions.

    Multi-Property Auction

    A group of properties offered through a common promotional campaign. The properties to be auctioned may be owned by one seller or multiple sellers.

    Multi-Seller Auction

    Properties owned by multiple sellers, offered through a common promotional campaign and auctioned in a single event.

    Multiple Listing Services (MLS)

    The MLS is a suite of services that enables brokers to establish contractual offers of compensation (among brokers); facilitates cooperation with other broker participants; accumulates and disseminates information to enable appraisals; and is a facility for the orderly correlation and dissemination of property listing information to better serve broker's clients, customers and the public.


    National Association of Realtors (NAR)

    The core purpose of the NAR is to help its members become more profitable and successful.

    National Auctioneers Association (NAA)

    An association of individual auctioneers united to promote the mutual interests of its members; formulate and maintain ethical standards for the auction profession; promote the enactment of just and reasonable laws, ordinances and regulations affecting auction selling; make the public more aware of the advantages of auction selling; and generally improve the business conditions affecting the auction profession.

    National Auto Auctioneers Association (NAAA)

    Founded in 1948, the National Auto Auction Association represents more than 317 auto auction companies, both domestic and international, with more than 8.9 million units sold each year.

    No-Sale Fee

    A charge paid by the owner of property offered at a reserve auction when the property does not sell.

    No-Sale Fee

    A charge paid by the owner of property offered at a reserve auction when the property does not sell.


    On-Site Auction

    An auction conducted on the premises of the property being sold.

    Opening Bid

    The first bid offered by a bidder at an auction.

    Other Real Estate Owned (OREO)

    Real property owned by a banking institution that is not directly related to its business. In balance sheet terms, OREO assets are considered non-earning assets for purposes of regulatory accounting. OREO is most frequently a result of foreclosure on real property as a result of default by the borrower who used the property as collateral for the loan. Most items in this category are available for sale.


    Participating Broker

    See “Cooperating Broker”.


    Specified date and time property is available for prospective buyer viewing and audits. Also known as “Open House” or “Inspection”.


    Real Estate (RE)

    Real estate, also known as real property, is a legal term that encompasses land along with improvements to the land, such as buildings, fences, wells and other site improvements that are fixed in location -- immovable.

    Real Estate Owned (REO)

    REO is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction. A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the bank will legally repossess the property. As soon as the bank repossesses the property, it is listed on their books as REO and is categorized as an asset (non-performing).

    Referring Broker

    A real estate broker who does not have a listing on a property but refers the auction company to a potential seller for an auction. Usually earns a flat fee commission for referring product to an auction company.


    A process used in real estate auctions where a bidder has the opportunity to combine several parcels of land previously selected by other bidders, thereby creating one larger parcel out of several smaller parcels. This process is often used in conjunction with bidder's choice.


    The minimum price that a seller is willing to accept for a property to be sold at auction. Also known as “reserve price”.


    Sale Manager

    The person designated by the auction company who is responsible for organizing the details of an auction. Also known as “project manager”.

    Sealed Bid

    A method of sale where by confidential bids are submitted to be opened at a predetermined place and time. Not a true auction in that it does not allow for reaction from the competitive marketplace.


    Entity that has legal possession (ownership) of any interests, benefits or rights inherent to the real or personal property.

    Subject to Confirmation

    See "Reserve Auction"


    Tax Sale

    Public sale of property at auction by governmental authority due to nonpayment of property taxes.

    Terms and Conditions

    The printed rules of the auction and certain aspects of the Purchase & Sale Agreement that are read and/or distributed to potential bidders prior to an auction sale.

    Tie Bids

    When two or more bidders bid exactly the same amount at the same time. This must be resolved by the auctioneer.

    Trustee's Sale

    A sale at auction by a trustee.


    Uniform Commerical Code (UCC)

    The UCC, first published in 1952, is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all U.S. states.

    Uniform Standards of Professional Appraisal Practice (USPAP)

    USPAP can be considered the quality control standards applicable for real property, personal property, intangibles and business valuation appraisal analysis and reports in the U.S. and its territories. USPAP was first developed in the 1980s by a joint committee representing the major U.S. and Canadian appraisal organizations.

    US Bureau of Alcohol, Tobacco, and Firearms (ATF)

    A unique law enforcement agency of the U.S. Department of Justice that protects our communities from violent criminals, criminal organizations, the illegal use and trafficking of firearms, the illegal use and storage of explosives, acts of arson and bombings, acts of terrorism, and the illegal diversion of alcohol and tobacco products.



    Failure to reach the reserve price or insufficient bidding.

    About PICKER NEWS ETHICS BOARD - Code of Ethics


    The National Auctioneers Association is the professional organization for practicing auctioneers, their associates, affiliated businesses and other related professionals. Membership in the PICKER NEWS ETHICS BOARD although voluntary, carries with it a requirement of professional commitment to other professionals, Clients, customers and the public at large that extends beyond that of laws and professional regulations. Members of the PICKER NEWS ETHICS BOARD accept this obligation to conduct themselves and their businesses in a manner that serves the public interest, protects the public trust and furthers the goals of their profession.

    This Code of Ethics of the National Auctioneers Association and the accompanying Standards of Practice guides the Members in the performance of their professional responsibilities and duties. Complaints can be filed against PICKER NEWS ETHICS BOARD Members who do not adhere to the Code of Ethics and shall be handled in accordance with the procedures established by the Board of Directors.

    ARTICLE 1.

    Members pledge to lawfully and ethically protect and promote the interests of the seller (from now on referred to as the Client).

    ARTICLE 2.

    Members owe the buyer (from now on referred to as the Customer) the duties of honesty, integrity and fair dealing at all times.

    ARTICLE 3.

    Members shall not accept compensation related to a Client's matter from any third party, even if permitted by law, without the full knowledge of all the parties to the transaction.

    ARTICLE 4.

    Members shall disclose any potential conflict of interest to a current or potential Client.

    ARTICLE 5.

    Members shall not make a profit on expenditures made for a Client without the Client's prior and expressed consent.

    ARTICLE 6.

    Members shall not engage in activities that constitute the unauthorized practice of law.

    ARTICLE 7.

    Members shall maintain a separate and designated account in an appropriate financial institution to maintain monies coming into their possession in trust for other persons such as escrows or trust funds.

    ARTICLE 8.

    Members shall not disclose any confidential Client information without the Client's prior, expressed consent, unless required by law.

    ARTICLE 9.

    Members shall not misrepresent or conceal material facts.

    ARTICLE 10.

    Members are duty bound at all times to abide by the laws and regulations which govern them.

    ARTICLE 11.

    Members shall report violations of the Code of Ethics and participate in all investigations and disciplinary proceedings when requested.

    ARTICLE 12.

    A Member's conviction of a felony involving the Member acting as an auctioneer, or otherwise participating in an auction, shall be deemed a violation of the Code of Ethics and result in discipline determined by the Board of Directors.

    ARTICLE 13.

    During the period that a Member owes an unpaid and unsatisfied civil, criminal, or regulatory cost, damage, fine, judgment, penalty, sanction, or other amount which was awarded, entered, levied, or ordered against the Member by an agency, authority, board, bureau, commission, court, department, or other arm of government shall result in the Member being in violation of the Code of Ethics and subject to discipline determined by the Board of Directors.

    ARTICLE 14.

    A Member's auctioneer license is revoked by a licensing authority in any jurisdiction within the United States, for misconduct, wrongdoing, or another violation that occurred in connection with the Member acting as an auctioneer, or otherwise participating in an auction shall result in a Member being deemed in violation of the Code of Ethics and subject to discipline as determined by the Board of Directors.


    Upon receipt of a written complaint alleging that a Member has violated the Code of Ethics, the Chief Executive Officer shall forward a copy of such written complaint to the accused Member and request that the accused Member provide a response in writing to such charges. The complainant and the written response shall be forwarded by the CEO to the Grievance Committee with the names of the complainant and accused Member redacted. The Grievance Committee shall thereafter undertake an investigation of the complaint and make a written report to the Board of Directors concerning said complaint. If there is a finding of no violation, the Member shall be notified.

    If the finding includes a recommendation to the Board of Directors stating that there is a reasonable cause to believe that such Member has engaged in conduct in violation of the Code of Ethics, the Member against whom the complaint has been made will be notified of that decision and afforded an opportunity to respond to the complaint including allowing the accused to appear before the Board of Directors and present evidence in support of the Member position with the right of the Member to hire and be represented by counsel at such or hearing.

    The parties may introduce such documentary evidence and present such testimony of witnesses, sworn by the Past President, as the Board of Directors shall reasonably deem relevant to the issues and both sides of the controversy shall be accorded a full opportunity to be heard. At the conclusion of the hearing, the Board of Directors, as soon as it is practically possible, but not later than two (2) weeks thereafter, shall consider the evidence and render a written opinion and decision.

    Should the Board of Directors find a violation of the Code of Ethics, the Board of Directors shall also determine the discipline to be assessed which may include private censure, public censure, suspension and/or revocation from Membership. The decision shall be conveyed to the Member by certified mail.


    The following Standards of Practice are provided to encourage the highest standards of conduct among the Membership of National Auctioneers Association. These guidelines are a companion document to the Code of Ethics for the PICKER NEWS ETHICS BOARD. While the Standards of Practice may not be enforced with Membership sanctions, these guidelines should nonetheless be promoted, practiced and encouraged by PICKER NEWS ETHICS BOARD Members. Non-compliance of these guidelines should be self-policed by fellow PICKER NEWS ETHICS BOARD Members.

    · Members must not build unreasonable expectations about the outcome of an auction in the mind of a potential Client in order to secure the Client's business.

    · Members should conduct their business affairs so as to promote a positive image of their business and therefore the auction profession.

    · Members shall provide customers with a clear understanding of all the terms and conditions of the auction. Prior to the auction, customers for real estate auctions should be provided a copy of the contract to be signed. Following the auction, customers for personal property auctions should be provided a written bill of sale.

    · It is highly recommended that Members communicate terms and conditions of the sale in written form prior to the commencement of the bidding.

    · Members should, to assure better service to the seller and to prevent misunderstandings, enter into written agreements or, at a minimum, clear oral agreements that set forth the specific terms and conditions of the engagement.

    · Members have an obligation to conduct their business affairs in a professional manner, developing their contract forms with this Article in mind.

    · Members should discuss all aspects of the services to be provided and include them in written form where appropriate including: duties and obligations of the parties; services provided by the Member; insurance coverage relating to liability, theft and casualty loss; use of a buyer's premium, if applicable; handling of funds received and controlled by the Member; sales tax, if applicable; and form of payment by buyers. Additionally, Members must provide the Client with a timely, detailed written accounting of the sale, which must include information concerning the handling and timely disposition of all funds received or controlled by the Member.

    · Members shall provide the highest level of competent service in those fields in which Members are customarily engaged. This competency is attained by education, training, study, practice and experience. Competence also includes the wisdom to recognize the limitations of that knowledge and when to seek the counsel, assistance or Client referral appropriate for the circumstances.

    · The concept of competency also extends to Members who are requested or required to travel to geographic areas where they do not have recent auction experience. Members not in a position to spend the necessary time in a market area to obtain the appropriate understanding of market conditions, may find affiliating with a qualified local auctioneer the appropriate response to ensure a competently conducted auction.

    · Members must ascertain all pertinent facts necessary to implement a professional marketing campaign.

    · Members should never publicly criticize a competitor using false or deceptive information. Where an opinion of a competitor's transaction is especially requested, it should be rendered in conformity with strict professional courtesy and dignity.

    · Members shall not directly or indirectly solicit the affiliation of an employee or independent contractor in the organization of other Members without the prior notice to said Member.

    · Members should willingly share with other Members the lessons learned through experience and study to better the profession, Members' business practices and how the profession is perceived by society. Members shall be loyal to the PICKER NEWS ETHICS BOARD; this includes active participation in educational, civic and charitable endeavors.

    · In order for any professional organization to earn and maintain the confidence of the constituencies it serves, it must demonstrate to them the ability to "police" its own. Members have the unique ability to observe and therefore assist in the stewardship of this trust. Members have an obligation to assist the PICKER NEWS ETHICS BOARD and its officers in all matters, including the investigation, censure, discipline, or dismissal of Members who engage in violations of the Code of Ethics.




    This Consignment Agreement (this "Agreement") is made effective as of ___________________,

    between CONSIGNOR and Picker News Consignee, of XXXXXX, Montour falls, New York


    In the Agreement, the party who is granting the right to sell its merchandise will be referred to as

    "CONSIGNOR", and the other party who is receiving the right to sell the merchandise will be

    referred to as "PNC-NY".

    The parties agree as follows:

    I. RIGHT TO SELL. CONSIGNOR owns contents of _____________________ w/PNC

    Item # and Release Date ("Agreed Items"). In accordance with this Agreement, CONSIGNOR

    grants PNC-NY an exclusive right to sell the Agreed Items under the terms of this Agreement.

    This exclusive right to sell only applies to the following described territory: Area Code 607 in State

    of New York PNC-NY agrees to devote its best efforts to the sale of the Agreed Items. All sales

    prices and terms of sale shall be determined by PNC-NY....AND SO FORTH ...ETC...



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