Conduct
Estate sales are usually conducted by a professional, for a percentage of the revenues. The liquidator may also charge the estate for the costs to give the sale, including advertising, marketing, research, labor, security, refreshments and other fees incurred in giving a successful sale. The presence of a professional liquidator may be necessary because the scope of the process is likely to be overwhelming to the survivors. The liquidator often has a loyal following, consisting of dealers, collectors and the general public. The liquidator may be familiar to buyers who have been attending the liquidator's sales for decades, and trust that the liquidator will price wisely and fairly and steer them toward finding their niches within each collector's realm, and for the specialist's knowledge and experience with pricing items, and general value knowledge of all types of household goods and personal property value, and the specialist's experience in disposing of unsold goods in an unsentimental manner after the sale. These professionals often take a percentage of the net proceeds, anywhere from 25% to 50%.
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Famous quotes containing the word conduct:
“Repentance keeps my heart impure;
But what am I that dare
Fancy that I can
Better conduct myself or have more
Sense than a common man?”
—William Butler Yeats (1865–1939)
“There is no more important rule of conduct in the world than this: attach yourself as much as you can to people who are abler than you and yet not so very different that you cannot understand them.”
—G.C. (Georg Christoph)
“The conduct of God who disposes all things kindly, is to put religion into the mind by reason, and into the heart by grace. But to attempt to put it into the mind and heart by force and threats is not to put religion there, but terror.”
—Blaise Pascal (1623–1662)