Mike Brandly, Auctioneer
Auctions where nobody shows up?
In the United States today, there are well over 1 million auctions held every year — maybe even 2 million. And, in the history of...
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Mike Brandly, Auctioneer
Oct 14, 20132 min read
Can auctioneer say, “We don’t charge a buyer’s premium?”
A smaller regional auction firm conducts real estate auctions and does not charge a buyer’s premium. The large nationwide firm notes in...
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Mike Brandly, Auctioneer
Oct 9, 20132 min read
Auctioneers attending other auctioneers’ auctions
They sure do. I have traveled all over the United States as an auctioneer, and seen all of the below motivations to attend both our...
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Mike Brandly, Auctioneer
Oct 4, 20132 min read
It’s “swart” to have a meeting
Such a meeting as this is basically conducted to ensure everyone is, “all on the same page.” This type of meeting is certainly more...
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Mike Brandly, Auctioneer
Sep 30, 20133 min read
You want to cancel the auction?
That staff have brought in boxes and totes, hauled over 200 bags of debris away, and stacked over 50 tables on the front porch. The...
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Mike Brandly, Auctioneer
Sep 25, 20132 min read
Honesty in the auction business
However, just as there are bad doctors, bad accountants and bad baseball players … there are some bad auctioneers. Extremely bad if they...
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Mike Brandly, Auctioneer
Sep 19, 20132 min read
The word “estate” in the auction business …
When an auctioneer says the word, “estate” what does he or she mean? The word “estate” has long roots, dating back to the 13th century....
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Mike Brandly, Auctioneer
Sep 17, 20133 min read
An auctioneer’s opening annoucement
Norm has been an auctioneer for 29 years. He conducts mostly onsite auctions, and occasionally rents a building at the fairgrounds for...
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Mike Brandly, Auctioneer
Sep 12, 20133 min read
The buyer’s premium doesn’t matter …
We wrote about the buyer’s premium some time ago. We also wrote about the net effect of the buyer’s premium discussing how buyers...
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Mike Brandly, Auctioneer
Sep 8, 20132 min read
That next generation of auction buyers
I’ve heard this type of statement over and over again at conventions, seminars, and other auctioneer gatherings …“These younger buyers...
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Mike Brandly, Auctioneer
Sep 4, 20132 min read
Online auction school?
In other words, there are those who wish to complete auction school via an online course, rather than sit — and stand — and walk — and...
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Mike Brandly, Auctioneer
Sep 2, 20133 min read
The 15 most misunderstood things about the UCC 2-328
I’ve taught classes involving the UCC 2-328 for nearly 15 years. In that time frame, I’ve talked to (and with) 1,000’s of auctioneers...
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Mike Brandly, Auctioneer
Aug 28, 20132 min read
Can an auctioneer reject an offer?
They market real and personal property and then coordinate the realization of the highest bid generally through a competitive manner....
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Mike Brandly, Auctioneer
Aug 26, 20132 min read
The suggested opening bid …
For instance, a newspaper advertisement, online advertisement and/or sign which said, “This is an absolute auction with no minimum bid,...
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Mike Brandly, Auctioneer
Aug 21, 20132 min read
When, exactly, can the auctioneer take his commission?
The fee is a percentage of the gross proceeds. In this case, 20% will go to the auctioneer and 80% will go to the seller. The auction...
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Mike Brandly, Auctioneer
Aug 19, 20132 min read
Is it an auction or something else?
Real or personal property is sold by competitive bidding, with the high bidder becoming the owner. As such, a typical public auction...
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Mike Brandly, Auctioneer
Aug 16, 20133 min read
How long of a delay is considered a withdrawal?
And with only four paragraphs, there are many subtleties which are less obvious. For example, our topic today. Our scenario is a...
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Mike Brandly, Auctioneer
Aug 14, 20132 min read
Can you have an absolute online-only auction? Should you?
An absolute auction: An auction where once a lot (property) is put up for bid, and a bid is received within a reasonable time, the lot...
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Mike Brandly, Auctioneer
Aug 13, 20132 min read
Commission on property the auctioneer purchased?
As Gail accumulated more and more items from her auction buying, she contacted an auctioneer about selling some of her collection. Her...
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Mike Brandly, Auctioneer
Aug 10, 20132 min read
Who should judge auctioneer contests?
Most states in the United States host such contests, and on the national stage, there is most notably: The International Auctioneer...
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