#deposit

Mike Brandly, Auctioneer

Feb 82 min read

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 1, 20223 min read

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

Jun 10, 20202 min read

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

Feb 27, 20202 min read

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

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...

Mike Brandly, Auctioneer

Mar 8, 20103 min read

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

Feb 27, 20103 min read

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...