Which situation describes an auctioneer's dealings with estate auctions?

In the context of estate auctions, an auctioneer often deals with both real property and personal property sales. An estate auction typically involves the liquidation of a deceased person's assets, which can encompass a wide variety of items. Real property refers to land and any buildings or structures on it, while personal property includes movable items such as furniture, jewelry, collectibles, vehicles, and other possessions.

By conducting auctions that include both types of property, auctioneers provide a comprehensive service to the estate representatives or heirs looking to settle the estate. This versatility allows them to effectively handle the diverse range of assets that may be involved. Therefore, the correct choice emphasizes the broad scope of an auctioneer's role in estate auctions, demonstrating their ability to manage the sale of both real and personal property.