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Propertymark

Propertymark is a membership body dedicated to safeguarding and guiding consumers whilst promoting the highest standards of professionalism across the auctioneering and valuation industry. Propertymark ensures a high standard of service across the auctions sector, spanning from property to fine art and chattels. Established in 2017, it brought together five leading associations (ARLA, NAEA, NAVA, ICBA, and APIP), each devoted to upholding industry standards, under one unified brand.

For more information see: www.propertymark.co.uk

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This 'Glossary of Terms' – those commonly used in the realm of property auctions, is monitored and updated regularly to remain a current reference point.

If there are any terms that you have come across which we have not included here and you are unclear about, please do get in touch and we will be happy to provide you with a clear explanation and add the new term to our list.

For more information on buying or selling at a property auction, have a read of our guide to buying at auction.