In my post about the likely impact of the commission lawsuits against NAR and four corporations, I mentioned that I had a conflict of interest when it came to the issue of real estate auctions because I had been working on an auction-related initiative for a while. I had kept the initiative relatively quiet because it's early stages, but the court kind of forced my hand. Fairness dictates that I give you all at least an idea of what I’ve been doing so you can evaluate my opinions on Notorious ROB appropriately.
It would be amazing to see an actual premium auction system in the US, which works in many other countries. Here, the idea of auction has been diminished by the association with REO.
Curious how the state regulatory bodies will react-would a real estate licensee be required to obtain an auctioneer’s license to participate?
It would be amazing to see an actual premium auction system in the US, which works in many other countries. Here, the idea of auction has been diminished by the association with REO.
Curious how the state regulatory bodies will react-would a real estate licensee be required to obtain an auctioneer’s license to participate?
How does this work for buyers who don't bring an agent? Is the premium reduced?