Mike Brandly, AuctioneerAug 9, 20223 minDisclosing your agencyWith any type of agency relationship, the agents should always disclose to others their status as someone’s agent before engaging them in...
Mike Brandly, AuctioneerApr 18, 20223 minBuyer’s Premiums & Agency DutyThe suggestion apparently is that the buyer’s premium belongs to the auctioneer no matter. This is absolutely not true. The buyer’s...
Mike Brandly, AuctioneerDec 3, 20202 minConflict of interest and net listingsAuctioneers work primarily as agents and for clients (principals) in performing their duties. As such, they would owe loyalty to those...
Mike Brandly, AuctioneerFeb 7, 20202 minAuctioneers advertising their auction at your auctionTake this above auction advertisement of groceries, drapery, ironmongery, and furniture. Can Mr. John Fisher advertise his March 6, 1869...
Mike Brandly, AuctioneerJan 14, 20133 minAuctioneers and recovery fundsIn that article, we mentioned that some states have augmented or completely replaced the requirement for auctioneers to be bonded, and...
Mike Brandly, AuctioneerJan 4, 20133 minAuctioneers and bondingThere are a number of different types of surety bonding instruments. Auctioneer bonding is a type of surety bond (license and permit...