Ethical Business Strategies for Long-Term Success

To be an exceptional auction professional you must be a combination of psychologist, therapist, lawyer, accountant, preacher, and politician. Earning the label of “professional” requires competence, confidence, and character – ethics matter. This class provides you with the fundamentals of structuring your business and how the law affects auction business strategies. You can achieve maximum results and long-term success through informed decisions, professional engagements, and ethical practices.

Upon completing this class, you will be able to:

  1. Seek appropriate counsel to make informed decisions regarding your business mode
  2. Connect with other professionals to obtain auction assignments and engagements
  3. Describe the value of an ethical business model in our chaotic, litigious society
  4. Examine the NAA Code of Ethics for application to real life situations

 
 

About the Instructor

Timothy W. Mast, CAI, AARE

Tim is in his twentieth year in the auction business and is President and CEO at Tranzon, LLC. He is a lifelong resident of southwestern Tennessee, where he resides and has his office. Tim is a graduate of the World Wide College of Auctioneering in Mason City Iowa, and successfully completed all course and testing work for his Tennessee Real Estate Broker’s License, Auctioneers License and has gone on to become licensed in Arkansas, South Carolina and Mississippi as well. Tim has completed the Accredited Auctioneer of Real Estate (AARE) course, provided through the National Auctioneer’s Association Education Institute and has been awarded the Designation of AARE. He has also completed the three-year process of Certified Auctioneers Institute (CAI) training, which is offered through the University of Indiana in conjunction with the National Auctioneers Association Education Institute. Tim has been awarded the designation of CAI, which is considered the most prestigious designation offered to auctioneers and is held by less than 1,000 auctioneers worldwide. In July 2017 Mr. Mast was elected to serve the National Auctioneers Association as vice president. With this election he went on to serve one year as vice president and subsequently president and chairman of the board in 2018 and 2019 respectively. Prior to being elected vice president, Tim served a three-year term on the NAA board of directors. Before being elected to NAA positions he served on the education committee for the Tennessee Auctioneers Association for three years beginning in 2003. In 2006 he was installed as Vice President for the western district of Tennessee, in 2008 he was elected to the position of President-Elect and on December 6, 2009 was sworn in as President of the Tennessee Auctioneers Association to serve a one-year term. He has also served as the National Auctioneer’s Association Ambassador for the state of TN and continues to serve as a member of the Advocacy Committee. In 2013 Tim was inducted into the Tennessee Auctioneer’s Association Hall of Fame and is the youngest person in its history to receive that honor. Due to his success and dedication to the industry he has become a sought-after speaker on the subject of real estate auctions. Tim also serves his community as chairman of the McNairy County Election Commission, a volunteer firefighter and is active in several local civic organizations. Prior to his introduction and full time devotion to the real estate, and accelerated marketing industry he owned and operated a successful home maintenance company and separately a credit-factoring firm. Tim has now divested of those companies and has dedicated his energies to the auction profession and his role as president and CEO. Using his natural skill for negotiating coupled with a commitment to continuing education, before taking on the CEO role, he was exceptionally successful in working through large and complicated property transactions spanning approximately 30 states and three countries. As a young man, in connection with his family interests, he resided for a two-year time frame in Bolivia, South America, where he learned to speak fluent Spanish, and growing up in his household he also learned and is fluent in German. Tim’s family life is active; he lives with his wife Ruth Anne and their four children Lilah, Wyatt, Kaitlynn and Peyton.