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However, if a shill does not place uninformed parties at a risk of loss, the shill's actions may be legal. For example, a person planted in an audience to laugh and applaud when desired (see claque ), or to participate in on-stage activities as a "random member of the audience", is a legal type of shill.
Shill bidding is the most prominent type of online auction fraud where sellers themselves submit bids to increase the price of an item they have put up for sale, without intending to win. [25] Shill bidding is also one of the most difficult types of fraud to detect, since it is usually conducted by the seller in collusion with one or more ...
shill * a person pretending to a member of the general public to lend credibility or excitement to a confidence scheme; e.g., a person who claims to have received benefit from snake oil. Recently popularized in the UK by eBay ("shill bidding" or bidding to drum up excitement with no intention of buying). The UK equivalent to a shill would be a ...
In Britain and many other countries, rings and other forms of bidding on one's own object are illegal. In Australia, a dummy bid or also a shill is a criminal offence, but a vendor bid or a co-owner bid below the reserve price is permitted if clearly declared as such by the auctioneer. These are all official legal terms in Australia but may ...
Leaking of bid information, which requires a relationship of some degree between the project and a bidder as the bidder is handed information to gain an unfair advantage. [4] Bid manipulation is another method for officials to choose the bidder of their choice but occurs after receipt of bids. The methods for this would include either changing ...
The real estate market has been on a wild ride the past few years. During the peak of the pandemic, interest rates plummeted and buyers got into bidding wars over homes -- sometimes paying ...
Bidding is used to determine the cost or value of something. Bidding can be performed by a person under influence of a product or service based on the context of the situation. In the context of auctions, financial transactions on international markets, or real estate, the price offer a business or individual is willing to pay is called
“The prospect of elevated mortgage rates throughout 2025 suggests that housing market activity will continue to be challenged,” says Selma Hepp, chief economist for real estate data firm ...