Real estate auction malarkey
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The “National Real Estate Trade Association” has a link to provide their members and the public with information regarding real estate...
Mike Brandly, Auctioneer
- Nov 19, 2023
- 2 min
Precious space and time
Ever since the Internet became the place to advertise auctions, auctioneers have used it to advertise such including advertising...
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Mike Brandly, Auctioneer
- Oct 18, 2023
- 2 min
Auctioneers warranty all the time …
In the auction business, warranties are expressions (words) describing property up for auction. It might be the brand name, size,...
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Mike Brandly, Auctioneer
- May 4, 2023
- 4 min
Buyer’s premiums can help sellers
You are an auctioneer and you don’t charge a buyer’s premium. Why not? I continue to hear that charging such is a disservice,...
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Mike Brandly, Auctioneer
- Apr 10, 2023
- 2 min
We don’t sell those so we … throw them away?
Auctioneers are typically agents for sellers. As such, the seller puts their property in the hands of the auctioneer and trusts the...
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Mike Brandly, Auctioneer
- Dec 7, 2022
- 3 min
Who is the [auction] seller?
I was testifying in an auction case, and told the presiding judge that “Anyone can bid at an absolute auction except the seller unless...
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Mike Brandly, Auctioneer
- Feb 25, 2022
- 2 min
Buyers paying more (and more) of the costs
Buyer’s premiums continue to rise. In fact, I’ve heard for years that “nobody pays any attention to them” so why not raise them? ...
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Mike Brandly, Auctioneer
- Jan 25, 2022
- 3 min
Buyer buys, leaves, and now auction company owns it?
It seems I hear about this all the time? An auction takes place (online and/or live) and a buyer buys an item, pays for it, and then...
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Mike Brandly, Auctioneer
- Jan 10, 2022
- 3 min
Don’t be the next auction test case
My friend Mike Hanley, Auctioneer wrote an inciteful analysis regarding the Alex Lyon & Son, Sales Managers and Auctioneers, Inc. v....
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Mike Brandly, Auctioneer
- Oct 13, 2021
- 3 min
You don’t conduct absolute auctions?
Auctions are of two distinct types: “With (some sort of) reserve, or without (any such) reserve, also known as “absolute.” Sellers who...
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Mike Brandly, Auctioneer
- Aug 26, 2021
- 3 min
Bidders — buyers — “ghosting” auctioneers
Do bidders who bid and win at auction … and then cease any further communication with the auctioneer/seller deserve our further attention?...
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Mike Brandly, Auctioneer
- Jul 5, 2021
- 3 min
Can auctioneers disclaim what they tell you their sellers said …?
We previously wrote that auctioneers cannot disclaim express (expressed) warranties. That treatise involving the UCC § 2-316 is here: ...
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Mike Brandly, Auctioneer
- Apr 4, 2021
- 3 min
Auctions and disclosing the auction total
We recently wrote about the disclosure of a “sale price” such as one real property or other personal property item. Today, we explore...
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Mike Brandly, Auctioneer
- Feb 4, 2021
- 3 min
Are “anonymous” buyers real buyers?
The so-called “hammer” falls at an auction, and the property (car, firearm, airplane, truck, tractor, artwork …) is sold to … who? ...
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Mike Brandly, Auctioneer
- Jan 18, 2021
- 4 min
How qualified should that bidder be?
These two women want to register for your auction. What should they have to provide you as an auctioneer in order to do so? Driver’s...
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Mike Brandly, Auctioneer
- Dec 16, 2020
- 3 min
What is “sufficient marketing” for an auction?
Auctions should be advertised (or marketed) sufficiently. As well, auctions should not be advertised insufficiently. So, what’s...
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Mike Brandly, Auctioneer
- Dec 1, 2020
- 2 min
Opening an auction house
When I was attending auction school, we would go out at night to various local auction houses to practice our bid calling and stage...
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Mike Brandly, Auctioneer
- Nov 30, 2020
- 2 min
Auctioneers not advertising certain places …
Auctioneers are charged with maximizing their client’s (seller’s) position — raise the most money, clean the warehouse completely out,...
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Mike Brandly, Auctioneer
- Oct 16, 2020
- 2 min
Providing as much information as possible?
Do auctions work better when sellers provide as much information as possible about what they are selling? Two American economists who...
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Mike Brandly, Auctioneer
- Aug 20, 2020
- 2 min
Failure to pass the background check
I viewed an auction where in the terms and conditions regarding a firearm noted: “Failure to pass the background check will result in...
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