#principal

Mike Brandly, Auctioneer

Aug 9, 20223 min read

Disclosing your agency

With any type of agency relationship, the agents should always disclose to others their status as someone’s agent before engaging them in...

Mike Brandly, Auctioneer

Apr 18, 20223 min read

Buyer’s Premiums & Agency Duty

The suggestion apparently is that the buyer’s premium belongs to the auctioneer no matter. This is absolutely not true. The buyer’s...

Mike Brandly, Auctioneer

Dec 3, 20202 min read

Conflict of interest and net listings

Auctioneers work primarily as agents and for clients (principals) in performing their duties. As such, they would owe loyalty to those...

Mike Brandly, Auctioneer

Feb 7, 20202 min read

Auctioneers advertising their auction at your auction

Take this above auction advertisement of groceries, drapery, ironmongery, and furniture. Can Mr. John Fisher advertise his March 6, 1869...

Mike Brandly, Auctioneer

Jan 14, 20133 min read

Auctioneers and recovery funds

In that article, we mentioned that some states have augmented or completely replaced the requirement for auctioneers to be bonded, and...

Mike Brandly, Auctioneer

Jan 3, 20133 min read

Auctioneers and bonding

There are a number of different types of surety bonding instruments. Auctioneer bonding is a type of surety bond (license and permit...