The future of the MLS for auctions
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Maybe another question might be: What is the future of the real estate industry? How about the auction industry? I would offer these are...
Mike Brandly, Auctioneer
- Feb 26, 2018
- 3 min
Don’t bid live — bid online?
Such is the case (again) with http://www.youragentbid.com (Youragentbid) as they continue to contend that they are partnering with large...
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Mike Brandly, Auctioneer
- Jan 8, 2018
- 3 min
Unfair, unreasonable, inequitable … what does it all mean?
Shortly thereafter our first blog, fellow blogger extraordinaire and good friend Aaron Traffas wrote about our undertaking: ...
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Mike Brandly, Auctioneer
- Dec 21, 2017
- 3 min
… but my seller cashed the check
Most recently, an inquiry involved a breach of contact of sorts — where the auctioneer did not follow the legal expressed wishes of his...
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Mike Brandly, Auctioneer
- Jul 19, 2017
- 5 min
‘Reasonably advantageous’ auction terms
I stay at many hotels throughout the year (although I have never stayed at the Black Bear Hotel in Allentown, Pennsylvania.) In doing so,...
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Mike Brandly, Auctioneer
- Jun 8, 2017
- 2 min
Where is auctioneer CE needed? Everywhere …
Brad Bergefurd, OSU Extension Educator & Horticulture Specialist, Charissa McGlothin, OSU Agriculture & Marketing Program Assistant and...
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Mike Brandly, Auctioneer
- Apr 10, 2017
- 2 min
Can auctioneers trust any online platform?
And, so far almost every online platform (once with enough data and/or enough money on the table) has decided to do one of two things:...
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Mike Brandly, Auctioneer
- Oct 11, 2016
- 2 min
Who can sign?
In more modern times, and certainly in most auctioneer-license states, auctioneers endeavor (or are required) to enter into a written...
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Mike Brandly, Auctioneer
- Jun 8, 2015
- 3 min
Auctioneers profiting from illegal seller bidding?
This penalty might be a fixed amount above the sale price, and/or an increased commission. Specifically, let’s say an auctioneer’s...
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Mike Brandly, Auctioneer
- Apr 6, 2015
- 2 min
Auction performance fees
Late 2014, Christie’s added a 2% auction performance fee. This fee would be added to the seller’s commission if their “piece” sold in...
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Mike Brandly, Auctioneer
- Feb 27, 2015
- 2 min
State auctioneer boards’ liability
They are typically made up of auctioneers with some sort of minimum years experience as such. These boards (or commissions) typically...
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Mike Brandly, Auctioneer
- Feb 18, 2015
- 3 min
The sliding scale versus the incremental scale
And sellers are right to ask what commission the auctioneer will charge for that service. Most of the time, a fixed percentage is...
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Mike Brandly, Auctioneer
- Feb 10, 2015
- 3 min
Your bidding today will include a 10% buyer’s premium
Such a conversation the other day recounted an auctioneer’s assessment of his community, and the general disdain for this additional...
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Mike Brandly, Auctioneer
- Oct 13, 2014
- 2 min
Seller commission or seller premium?
Many auctioneers are now charging a “buyer’s premium” to increase auctioneer profits and sometimes offset seller costs. Up until more...
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Mike Brandly, Auctioneer
- Aug 25, 2014
- 3 min
Auctioneer doesn’t pay full price?
We previously wrote more about our operation here: http://mikebrandlyauctioneer.wordpress.com/2014/05/27/auctioneers-and-d-u-s-t/ Another...
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Mike Brandly, Auctioneer
- Aug 21, 2013
- 2 min
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 13, 2013
- 2 min
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 5, 2013
- 2 min
A state auctioneers commission
Typical requirements for licensure include auction school, a test, fees, bonding, background check, serving an apprenticeship and/or...
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Mike Brandly, Auctioneer
- Jun 24, 2012
- 4 min
Charity auctioneers charging commissions
In the landmark United States Supreme Court case Lochner vs. New York, 198 U.S. 45 (1905), the Court held that the “liberty of contract”...
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Mike Brandly, Auctioneer
- Nov 7, 2011
- 2 min
Types of auction commission structures
Prevailing theory is that with a commission structure, the auctioneer and client work together with the same interest … the more the...
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