Mike Brandly, Auctioneer
Auctioneers and the seller’s identity
Secondly, there are no laws which require auctioneers to disclose the seller’s identity to (potential) bidders. Despite these facts, it...
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Mike Brandly, Auctioneer
May 7, 20144 min read
King Augeo and fair, equitable auctions
King Augeo reigned over the 1000’s of acres of his kingdom where all commerce by law was conducted by auction. The King’s Court of six...
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Mike Brandly, Auctioneer
May 5, 20143 min read
Do buyers find property or does property find them?
In fact, there was a lot less searching then, as before the Internet, many times people didn’t even know they wanted something because...
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Mike Brandly, Auctioneer
Apr 16, 20143 min read
Disregarding the client
Of the issues that auctioneering and real estate education share, one is agency. We wrote extensively on agency here:...
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Mike Brandly, Auctioneer
Apr 13, 20142 min read
Notarize signature on auction contract?
Auctioneers sign contracts with clients (sellers,) facilitate contracts between sellers and buyers when selling property, and sometimes...
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Mike Brandly, Auctioneer
Mar 20, 20143 min read
Auction law consultant
Since opening an auction school, and especially since being asked to teach auctioneer continuing education, I have become intensely...
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Mike Brandly, Auctioneer
Mar 13, 20143 min read
Can the high bidder bid against himself?
Fortunate for David, an auction in New York notes a complete liquidation of a longtime Boston Red Sox collector taking place Saturday. ...
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Mike Brandly, Auctioneer
Mar 6, 20143 min read
Can anyone auction their own property?
In other words, without the use of an auctioneer, real estate licensee, appraiser, surveyor, attorney … an owner can “do it himself.”...
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Mike Brandly, Auctioneer
Feb 27, 20142 min read
How to manage illegal seller bidding
Illegal seller bidding is just that — the seller bidding at auction when he or she is not permitted to do so under the law. Basically,...
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Mike Brandly, Auctioneer
Feb 20, 20144 min read
How to manage legal seller bidding
Given that there are only two types of auctions, and one being a without reserve auction with no reserves, the other type is with...
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Mike Brandly, Auctioneer
Feb 18, 20142 min read
Expected annual earnings are $360,000-$800,000
Yet, even these highly profitable auctioneers’ incomes pale in comparison to expected annual earnings of $360,000-$800,000. How does one...
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Mike Brandly, Auctioneer
Feb 15, 20143 min read
Dave Ramsey: Sell a house at auction rather than rent?
The letter regarding the better choice between continuing to rent a couple homes, or sell them at auction:Dear Dave, I have a couple of...
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Mike Brandly, Auctioneer
Feb 8, 20144 min read
Give up selling live — do it all online?
Those auctions have involved generally a person acting as an auctioneer, accepting bids from auction attendees and selling property to...
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Mike Brandly, Auctioneer
Feb 2, 20144 min read
When is an auctioneer legally calling for bids?
A particular 11 words are of interest today:In an auction without reserve, after the auctioneer calls for bids on an article or lot, that...
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Mike Brandly, Auctioneer
Jan 21, 20143 min read
Bid calling accuracy matters
All of these auctions have been live auctions with a few coupled with online bidding. So given that, there was an auctioneer (me or one...
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Mike Brandly, Auctioneer
Jan 13, 20143 min read
That one very expensive asset at absolute auction?
As a result, Stephen called his longtime auctioneer friend Freddie Marshall. Since Stephen and his wife Kayla couldn’t agree about the...
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Mike Brandly, Auctioneer
Jan 3, 20143 min read
The 9 important traits of a contract bid caller
I had already given this some thought, and dug around in my file cabinet to find where I had written the word: Practical. The word...
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Mike Brandly, Auctioneer
Dec 25, 20133 min read
Is the auctioneer the seller?
I was talking to her the other day and ask how things were going … She said, “Great!” I just put two homes into contract and I’ve sold...
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Mike Brandly, Auctioneer
Dec 21, 20133 min read
Auctioneers demanding bidders’ Social Security numbers
Most all auctions in the United States today require the bidders to register before bidding. Such registration for a live auction is...
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Mike Brandly, Auctioneer
Dec 15, 20132 min read
The benefit auction exemption?
Similarly, charity auctions typically involve a charity as defined under IRS regulation section 501(c)(3). These auctions might be for...
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