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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 ...
An estate agent conducting an auction of real estate in Melbourne, Victoria, Australia In some countries, such as Australia , auctioning is a common method for the sale of real estate . Auctions were traditionally used as an alternative to the private sale/treaty method to sell property that, due to their unique characteristics, were difficult ...
When it comes to selling a home there's a lot to know beyond staging and setting a reasonable list price. As with any industry, there are real estate definitions (homestead, quit-claim) and a set ...
Bid rigging is a fraudulent scheme in a procurement action which enables companies to submit non-competitive bids. It can be performed by corrupt officials, by firms in an orchestrated act of collusion, or by officials and firms acting together.
Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
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 ...
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 ...