Which statement is NOT one of the input parameters for the auction simulation model?

• A. Estimated value of the property
• B. Number of bidders
• C. Submitted bid amounts
• D. Property location

Answer: (D)

In auction simulations, you feed parameters that directly shape how the bidding plays out: the estimated value of the property sets the baseline price, the number of bidders determines how competitive the field is, and the submitted bid amounts are the actual signals the model uses to trace the bidding path and final sale price. Property location, while it can influence value in the real world, isn’t a direct input to the auction’s bidding mechanics. It’s an asset attribute that might inform valuation, but it doesn’t drive the bidding process itself in the simulation. So it’s not an input parameter of the auction simulation model.