TGM
18:40
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
vendue master
Read a random definition: Midcal test
A quick definition of vendue master:
A vendue master is a person who is authorized to sell goods or lands of other people at a public auction for a commission or fee. They are also known as auctioneers. The auctioneer acts as the property owner's agent until a purchaser's bid is accepted, at which point they become the purchaser's agent.
A more thorough explanation:
Definition: A vendue master is a person who is legally authorized to sell goods or lands of other persons at public auction for a commission or fee. They are also known as auctioneers.
Example: John is a vendue master who has been hired by a homeowner to sell their property at a public auction. John will take care of all the legal requirements and conduct the auction to get the best price for the homeowner.
Explanation: The example illustrates how a vendue master or auctioneer is hired by a property owner to sell their property at a public auction. The vendue master is responsible for conducting the auction and getting the best price for the property owner. They are legally authorized to sell goods or lands of other persons at public auction for a commission or fee.