Mike Brandly, Auctioneer
Too few filler words?
Today, we explore if an auctioneer can be using too few filler words. In other words, other than the current bid (the have) and the...
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Mike Brandly, Auctioneer
May 19, 20112 min read
Auctioneer Continuing Education
Such continuing education for auctioneers is also mandated by the National Auctioneers Association for those who have attained certain...
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Mike Brandly, Auctioneer
May 10, 20113 min read
A “standard” buyer’s premium?
I’m guessing that the word, “standard” is being used in this manner to mean usual, common, or customary. Yet, is the buyer’s premium any...
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Mike Brandly, Auctioneer
Apr 24, 20113 min read
Auctioneer commission is only half the picture
Jonathan K. Wu wrote about this concept in his article titled Seller Revenue & Sales Commission in 2008. Let’s say Gina is comparing 5...
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Mike Brandly, Auctioneer
Apr 2, 20115 min read
The net effect of the buyer’s premium
Since Christie’s and Sotheby’s introduced the buyer’s premium in 1975 in England, and soon after (1977) in the United States, the buyer’s...
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Mike Brandly, Auctioneer
Mar 29, 20112 min read
The faster you sell them …
“The faster you sell them, the better prices are.” It seems valid that during an auction, the faster the pace — the better — for several...
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Mike Brandly, Auctioneer
Mar 26, 20115 min read
With reserve auction choices
Auctions are distinctly one of two types in the United States: “With reserve,” or “Without reserve.” If you are considering a “with...
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Mike Brandly, Auctioneer
Mar 21, 20113 min read
Why is auction case law important?
First, a bit about what case law is in the United States. Case law is one of four sources of law in the United States, and probably the...
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Mike Brandly, Auctioneer
Mar 18, 20113 min read
Unjust enrichment at auction?
It seems every so often a story makes the news such as this: The buyer found over $40,000 in $100 bills taped under the third drawer of...
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Mike Brandly, Auctioneer
Mar 14, 20113 min read
Is the buyer’s premium a service fee?
Given this argument, we could have a different result in the total due at an auction where a buyer’s premium is charged. For instance: A...
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Mike Brandly, Auctioneer
Dec 25, 20102 min read
Auctioneer says sold for wrong amount?
To generalize the question at issue, let’s say an auctioneer is selling real property at auction, and the bidding goes as such: ...
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Mike Brandly, Auctioneer
Sep 26, 20103 min read
What is the difference between an auctioneer and a bid caller?
For our discussion, we are referring to bid calling as the usually rapid oral exchange with bidders, accepting bids, and asking for...
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Mike Brandly, Auctioneer
Sep 26, 20103 min read
Calling bids does not make one an auctioneer?
Let’s say Trisha graduates from high school, and decides to start her own company. She is proficient with computers and programming, and...
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Mike Brandly, Auctioneer
Sep 21, 20103 min read
Low starting prices = higher sale prices at auction
Thus the conclusion of the study titled “Starting Low but Ending High: A Reversal of the Anchoring Effect in Auctions“ by Gillian Ku,...
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Mike Brandly, Auctioneer
Sep 9, 20103 min read
Real property has no value at all?
Among the 1,000’s of real property auctions occurring every day in the United States, there are some properties that are garnering no...
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Mike Brandly, Auctioneer
Sep 6, 20103 min read
Do online-only auctions realize more money for the seller?
First, it is probably important to note that the recent Michigan State University Auction Industry 2010 study showed that only 6% of all...
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Mike Brandly, Auctioneer
Sep 3, 20103 min read
What to ask that real estate auctioneer
For those hoping to buy real property at auction, there are some basic questions that should be asked before participating. A real...
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Mike Brandly, Auctioneer
Aug 27, 20102 min read
Real estate has no value at all?
The term “real estate” is prevalent in our language, but is sometimes misused. Yes, those are probably real estate agents, and yes,...
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Mike Brandly, Auctioneer
Aug 24, 20103 min read
Can the seller bid at auction?
One right that is sometimes given up, but other times not, is the right to bid on that property at the auction. Why do sellers want to...
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Mike Brandly, Auctioneer
Aug 17, 20102 min read
What does it mean to “buy something back?”
A television station just today reported that banks were, “buying homes back” at foreclosure auctions taking place in their county. Late...
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