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Deposit to bid, or after bidding?
I want to bid at your auction. Do you require me to give you a deposit (money) to bid, or do you require me as the eventual high bidder...
Mike Brandly, Auctioneer
Feb 8, 20242 min read
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Deposit, Down payment, Earnest Money, Buyer’s Premiums, etc
We thought it might be a good time to define some terms auctioneers are using on a somewhat regular basis regarding real property...
Mike Brandly, Auctioneer
Feb 1, 20223 min read
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Auctions, non-refundable deposits
A bidder registers for an auction, with a required $5,000 deposit. He is deemed the high bidder and that $5,000 is deposited in the...
Mike Brandly, Auctioneer
Jun 10, 20202 min read
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Auctioneers & IRS Form 8300 reporting
The law requires that trades and businesses (such as auctioneers) report cash payments of more than $10,000 to the federal government by...
Mike Brandly, Auctioneer
Feb 27, 20202 min read
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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...
Mike Brandly, Auctioneer
Sep 3, 20103 min read
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Can auctioneers treat bidders differently?
Our answer to our attorney in this case was, essentially, “We can’t do that.” As we explore this issue here, you’ll see that we suggest...
Mike Brandly, Auctioneer
Mar 8, 20103 min read
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Aberrant Auction Law, Ohio #6
This is my sixth “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...
Mike Brandly, Auctioneer
Feb 27, 20103 min read
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