Mike Brandly, Auctioneer
How easily could an auctioneer get caught running the bid?
Indiana Auctioneers Association titled “Auction Best Practices,” it is rare that we can disclose specific details about any of the cases...
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Mike Brandly, Auctioneer
Sep 30, 20192 min read
Disclose the identities of backup bidders to winning bidders?
Why would a high bidder at $50,000 want to know this? Clearly this high bidder thinks maybe there wasn’t a bidder at $49,000. ...
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Mike Brandly, Auctioneer
Sep 26, 20192 min read
The Accredited Auctioneer of Real Estate Designation
National Auctioneers Association (NAA) Accredited Auctioneer of Real Estate (AARE) Designation Class. As the NAA advertises: AARE is...
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Mike Brandly, Auctioneer
Sep 18, 20192 min read
Sellers and buyers just after (or during) the auction?
There are possibly two different types of situations here: Sellers and buyers consummating deals during/after the auction with property...
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Mike Brandly, Auctioneer
Sep 11, 20192 min read
Auction buyers are increasingly buyer premium sensitive
However, over 40 years of the buyer’s premium has educated the public to the point that most figure it in when bidding. In other words,...
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Mike Brandly, Auctioneer
Sep 9, 20192 min read
How competent must auctioneers be?
The National Auctioneers Association dictates in their Code of Ethics that auctioneers [members] “shall recognize the limitations of...
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Mike Brandly, Auctioneer
Sep 5, 20192 min read
Auctioneers … information versus affirmation
Colin Cowherd said it. From September, 2017 the quote as I understand it was, “People now only seek affirmation. Not information.” ...
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Mike Brandly, Auctioneer
Aug 28, 20192 min read
When to disclose the reserve and when not to …
The answer to that question is fairly straightforward. If the minimum is good news, it should be disclosed and if it’s bad news (or...
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Mike Brandly, Auctioneer
Aug 26, 20192 min read
Here’s what you bought — not what we pictured
He thought he was buying something else because the picture showed the villa(s) and further did not mark, outline or otherwise denote...
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Mike Brandly, Auctioneer
Aug 22, 20192 min read
Auctioneers and the statute of limitations
While the “statute of limitations” varies around the United States and by circumstance, many states have a general four-year statute of...
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Mike Brandly, Auctioneer
Aug 16, 20192 min read
Is the minimum bid really the minimum bid?
What if an auctioneer says, “This property’s minimum bid is $550,000” and then it sells at auction for $520,000? The advertising said...
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Mike Brandly, Auctioneer
Aug 5, 20192 min read
Christie’s spirit of disclosure
Christie’s. Here we share with you some of their disclosures which are quite frankly difficult to find otherwise in the auction...
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Mike Brandly, Auctioneer
Jul 22, 20192 min read
Cheaper, faster or better?
If we’re cheap and fast, we’re probably not better If we’re cheap and better, we’re probably not fast If we’re fast and better, we’re...
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Mike Brandly, Auctioneer
Jul 19, 20192 min read
The opening bid incentive
For instance, say a [thought-to-be] $10,000,000 property is up for auction. The auctioneer says that he will pay a 13% opening bid...
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Mike Brandly, Auctioneer
Jul 16, 20192 min read
Bidder is registered but we won’t take his bid?
https://mikebrandlyauctioneer.wordpress.com/2016/06/28/does-a-bid-number-grant-the-right-to-bid/. Today’s topic involves an auctioneer...
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Mike Brandly, Auctioneer
Jul 12, 20192 min read
The NAA IAC Final Round Questions ’19
At the 2019 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) held Friday, July 12 in New Orleans,...
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Mike Brandly, Auctioneer
Jul 5, 20192 min read
Online auction providers and those late to the game
However, several years later, this platform and others evolved into connecting sellers with bidders/buyers directly with no traditional...
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Mike Brandly, Auctioneer
Jun 27, 20192 min read
Is it fraudulent inducement or not?
https://mikebrandlyauctioneer.wordpress.com/2018/06/21/that-other-bidder-and-fraudulent-inducement/. Most materially, we noted here that...
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Mike Brandly, Auctioneer
Jun 25, 20192 min read
Setting the bid in …
https://mikebrandlyauctioneer.wordpress.com/2017/04/13/should-the-auctioneer-set-the-bid-in/. For instance, “I have $500 and want $550...
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Mike Brandly, Auctioneer
Jun 19, 20192 min read
Farmers stand together so 80 acre farm goes for one bid?
https://mikebrandlyauctioneer.wordpress.com/2018/08/29/one-bid-and-200-other-bidders-stand-in-silence/. In that treatise, we suggested...
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