Mike Brandly, Auctioneer
The word “auction” in culture
More and more, auctioneers are being told not to use the word, “auction” in their advertising. We explored this in depth here: ...
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Mike Brandly, Auctioneer
Sep 27, 20162 min read
Terms and conditions only for seller’s protection?
Terms such as this often include that “buyer’s must register,” “everything is being sold ‘as-is,'” and “payment is due at a certain...
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Mike Brandly, Auctioneer
Sep 19, 20162 min read
Absolute but soliciting pre-bids?
Lots of auctioneers recently have been discussing (and sharing) an article exploring why “Wealthy people” choose to sell their...
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Mike Brandly, Auctioneer
Aug 25, 20163 min read
The power of the word “absolute”
Further, not only our own auctions, but those by many auctioneers around this country have proved time and time again that the word...
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Mike Brandly, Auctioneer
Aug 22, 20162 min read
The issue with secret reserves
What is a secret reserve? It’s the number the seller believes he or she needs in order to sell the property — and that number is kept...
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Mike Brandly, Auctioneer
Aug 18, 20162 min read
Yes, you can sell absolute with a lien present
Of those many questions, this one has been asked several times, and it’s usually phrased more-so as a statement. It usually goes like...
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Mike Brandly, Auctioneer
Aug 11, 20164 min read
What is a missed bid?
So just what is a missed bid? Is it a bid at all? Maybe not. First, some contract basics in regard to auctions: Bids are offers made...
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Mike Brandly, Auctioneer
Aug 5, 20164 min read
Two confusing auction cases …
Specifically, we’ve looked closely at court cases which have concerned — and in many cases provided precedent in regard to — the auction...
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Mike Brandly, Auctioneer
Aug 1, 20163 min read
An auction where 2=1?
In contrast, we work in an environment of “customary practice” more than anything else. What we do — how we operate — our procedures —...
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Mike Brandly, Auctioneer
Jul 28, 20165 min read
Terms which say there are “tie bids?”
Interesting that auctioneers (and attorneys advising auctioneers) are talking about putting terms addressing “tie bids” in their terms...
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Mike Brandly, Auctioneer
Jul 15, 20162 min read
“As-is” it is represented?
But in reality, despite this disclaimer, the more accurate phrase might be, “You’re buying today as-is as I describe the lots for sale.”...
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Mike Brandly, Auctioneer
Jul 4, 20162 min read
Auction scheduled and auctioneer dies …
Our study today involves this question: “Did the seller (client) hire that specific auctioneer, and would that principal be okay with...
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Mike Brandly, Auctioneer
Jun 28, 20162 min read
Does a bid number grant the right to bid?
There was a large crowd in attendance. People just parked, walked up to the auction area, and started bidding. No registration; no...
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Mike Brandly, Auctioneer
Jun 23, 20163 min read
Selling the discount and/or the value?
Some background: We have offered for over 20 years that people go to auctions in search for the “prospect of a deal.” It is this simple;...
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Mike Brandly, Auctioneer
Jun 15, 20163 min read
Toto, I’ve a feeling we’re not in Kansas any more
I’ve been to Kansas; in fact, several times. It appeared to me at those times, I was in the United States, but maybe I wasn’t? Possibly...
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Mike Brandly, Auctioneer
Jun 13, 20163 min read
Can auctioneer take seller bid unknowingly?
Today, we look at paragraph four. In this paragraph, the law states basically that there is buyer recourse (remedy) if the seller bids...
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Mike Brandly, Auctioneer
Jun 6, 20162 min read
Auctioneers & Real Estate Appraisal
A recurring question in those classes is, “What license is required to perform real estate appraisals in Ohio?” Much to the surprise of...
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Mike Brandly, Auctioneer
May 31, 20162 min read
Large auction crowds, busy restaurants and relevance
Restaurants have to have customers to survive. It’s pretty much a numbers game — the more customers, the more profit and likewise, the...
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Mike Brandly, Auctioneer
May 23, 20163 min read
#AuctionsWork #onlyatauction #NAAPro
Recently, there has been some surprising discussion about the merits of auctioneers using certain hashtags on Facebook and other social...
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Mike Brandly, Auctioneer
May 19, 20162 min read
Auctions with “market support”
What’s the value of a yearling beef calf selling in the Yoder Livestock auction on Tuesday? One might argue that the aforementioned...
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