Whois & Analysis for hubzu.com

Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing.".

An online marketplace (or online e-commerce marketplace) is a type of e-commerce site where product or service information is provided by multiple third parties, whereas transactions are processed by the marketplace operator.

Online marketplaces are the primary type of multichannel ecommerce and can be described as a "simple and convenient portal" to streamline the production process.

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then buying the item to the highest bidder.

The open ascending price auction is arguably the most common form of auction in use today.

Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid.

An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed.

In a Dutch auction, the auctioneer begins with a high asking price for some quantity of like items; the price is lowered until a participant is willing to accept the auctioneer's price for some quantity of the goods in the lot or until the seller's reserve price is met.

While auctions are most associated in the public imagination with the sale of antiques, paintings, rare collectibles and expensive wines, auctions are also used for commodities, livestock, radio spectrum and used cars.

In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.