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Auctioneer

Aliases: Auction In-Charge

Industry/Sector(s): Legal Activities


JOB DESCRIPTION 1

The tasks an Auctioneer is expected to perform include:

  • Organizing auction of movable/immovable property and selling it to the highest bidder
  • Receiving or making arrangements to bring articles to be auctioned at his/her place or conducting auction at site
  • Making inventories of items of property to be sold giving their short description and allotting numbers to each item of the property
  • Fixing date and time of auction in consultation with the seller
  • Publicising auction through hand bills, posters, beat of drums, advertisements in newspapers, personal talks, etc.​
  • Displaying property in shop or at site
  • Distributing copies of inventory to intending purchasers and describing articles to persons gathered
  • Inviting people to quote prices
  • Supervising sale on day of auction
  • Selling property to highest bidder and handing over property on receipt of full payment
  • Keeping account of money realised and remitting it to the seller after deducting commission
  • Attending all correspondence relating to his/her end of ​the business
WORK ENVIRONMENT 1, 2
  • It is not a desk job
  • Need not handle a team
  • Local travelling is not a part of this job role
  • Part-time work and contractual jobs may be available
  • Work from home option is not available
Working hours
  • Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
  • Shift system may be available
  • Overtime may be required​
Is the job suitable for a candidate with special needs?

This job is suitable for candidates with One Arm (OA), One Leg (OL), One Arm and One Leg Handicapped (OAL) and Both Leg Handicapped (BL)

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING 4

Preferably, MBA

KEY COMPETENCIES 1
  • In-depth knowledge of different types of items/property and their market value
  • Skilled in publicising and marketing the auction
  • Skilled in extolling the item/property to be sold
  • Knowledge of basic signals and other activities in auctioning process
  • Knowledge of accounting and arithmetic
DESIRABLE COMPETENCIES 1
  • Able to work under high pressure
  • Good communication skills
  • Problem-solving skills
AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES 

Institutes and universities offering MBA across India

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS 

For scholarship and schemes, use further links like:

  • https://scholarships.gov.in/
SAMPLE OF TRAINING AND LEARNING COURSES 
http://lkouniv.ac.in/oldsite/department/law/syllabus/llb_syl.pdf
CAREER PROGRESSION PATH 3

Conductor​, Auctioneer ​ Crier, Auctioneer → Auctioneer → Movement to other occupations/industries 

The progression is indicative

EXPECTED EARNINGS 4
  • For candidates with experience - Rs 45,000 to Rs 1,50,000 per month
These figures are indicative and subject to change
REQUIRED WORK EXPERIENCE 4

Generally, 5–10 years of experience is required

PROBABLE EMPLOYERS 4
  • Auction houses
  • Central Government
  • State Government
KEYWORDS 
  • Auctioneer
  • Auction In-Charge
OCCUPATIONAL CODES AND STANDARDS 
Standard Code Description
NCO 2015 3339.0300 Auctioneer
ISCO 2008 3339 Business Service Agents Not Elsewhere Classified
NIC 2008 69100 Legal activities
QP Reference Not available Not available
NSQF Not available Not available
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