Mike Brandly, Auctioneer
When & Where: The UCC 2-328 applied to real estate
However we’ll use “real estate” here as this is typically how this question is posed. The UCC 2-328 was finally firmed as to language...
top of page
Search
Mike Brandly, Auctioneer
Jan 1, 20122 min read
Online ownership prior to auction?
For example, say the auction date is November 15. November 1 the auction house places a list of the items to be offered at auction on...
0 views0 comments
Mike Brandly, Auctioneer
Dec 25, 20112 min read
Should auctioneers announce the buyer’s (or bidder’s) name? Part II
Our original story is here: Should auctioneers announce the buyer’s (or bidder’s) name? Nancy purchased a rare pair of Japanese Carl...
0 views0 comments
Mike Brandly, Auctioneer
Dec 24, 20113 min read
The law allows one bid to be placed?
In December, 2009, Harold French, a licensed auctioneer attended an auction conducted by Stephen Bennett, another licensed auctioneer....
0 views0 comments
Mike Brandly, Auctioneer
Dec 11, 20113 min read
Retraction made while the hammer is falling?
One such “playing field” issue is that outside of seller withdrawal, the buyer may retract his bid anytime before the property is deemed...
0 views0 comments
Mike Brandly, Auctioneer
Dec 4, 20113 min read
History Channel – the Real Deal?
The added exposure for the auction method of marketing is beneficial to all of those involved in the auction business. I don’t doubt...
0 views0 comments
Mike Brandly, Auctioneer
Nov 25, 20114 min read
Customary closing is … the price?
We write here about our analysis of this somewhat unusual type of auctioneer closing. The UCC 2-328 as adopted by 49 of the 50 states in...
0 views0 comments
Mike Brandly, Auctioneer
Nov 15, 20113 min read
Should auctioneers announce the buyer’s (or bidder’s) name?
Ed conducts an “Every Friday” consignment auction in Carlin, Nevada. This particular Friday, he opens his auction with the first item up...
0 views0 comments
Mike Brandly, Auctioneer
Nov 15, 20113 min read
Puffing versus misrepresentation at auction
Puffing goes on in the auction business every day. Auctioneers (and sellers utilizing auctioneers) talk to bidders, and represent in...
4 views0 comments
Mike Brandly, Auctioneer
Nov 6, 20113 min read
Auction bidders deserve to know seller identity?
And as more and more sellers sell their property by auction, some sellers — despite believing in the auction method of marketing — wish...
0 views0 comments
Mike Brandly, Auctioneer
Oct 27, 20114 min read
Last good faith bid?
This 4-paragraph section of state law is the most paramount law for auctioneers in the United States. It dictates, among many things,...
0 views0 comments
Mike Brandly, Auctioneer
Sep 24, 20113 min read
High bidder doesn’t win?
As we’re waiting for our entrees to arrive to our table, I asked him a question: “Have you ever had two bids of the same amount come in...
0 views0 comments
Mike Brandly, Auctioneer
Sep 15, 20113 min read
The online auction company plan?
In a sweeping investigation by the Federal Bureau of Investigation (FBI), Youragentbid’s offices were raided this morning. While the...
0 views0 comments
Mike Brandly, Auctioneer
Sep 14, 20112 min read
Recognition of the online auction provider?
This platform allows auctioneers to list property on their site, and allows bidders to bid two ways. Bidders can either bid during the...
0 views0 comments
Mike Brandly, Auctioneer
Sep 10, 20113 min read
Sealed Bid & Absolute Auction
“Is it just me or does “Sealed Bid & Absolute Auction” seem rather confusing? I read about an upcoming auction where it’s called a...
0 views0 comments
Mike Brandly, Auctioneer
Sep 9, 20113 min read
Traditional auctioneers only attract bottom feeders?
Real property sells at auction quicker and more efficiently than more traditional methods in any market (more supply than demand, or more...
1 view0 comments
Mike Brandly, Auctioneer
Sep 1, 20112 min read
Does the UCC 2-328 apply to an online auction?
Despite there not being any licensing law for online auctions in most states, there is contract law and related statutes which courts use...
0 views0 comments
Mike Brandly, Auctioneer
Aug 30, 20113 min read
Does the UCC 2-328 apply to real estate?
First, we did ask if the UCC 2-328 applies to real estate and we should probably say, “real property” instead, as real estate is only the...
0 views0 comments
Mike Brandly, Auctioneer
Aug 28, 20113 min read
Different increments for different bidders?
In other words, can an auctioneer have Julie on at $500 and ask (demand) Rachel bid $525 to outbid Julie, and when Rachel bids $525, then...
0 views0 comments
Mike Brandly, Auctioneer
Aug 20, 20113 min read
If I had written the UCC 2-328
The UCC 2-328 as it is today, and as largely adopted verbatim by the states in the United States, is here:(1) In a sale by auction if...
0 views0 comments
bottom of page