Mike Brandly, Auctioneer
Auction urgency or a possible deal?
Those in the auction business know more about the auction business than those outside of it. For example, while auctions have “urgency”...
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Mike Brandly, Auctioneer
Dec 21, 20232 min read
NAR’s “Two-Thirds Rule” nonsense
We noted that NAR’s “Two-Thirds Rule” is nonsense regarding knowing if a particular circumstance is appropriate for auction marketing. ...
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Mike Brandly, Auctioneer
Dec 11, 20232 min read
Real estate auction malarkey
The “National Real Estate Trade Association” has a link to provide their members and the public with information regarding real estate...
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Mike Brandly, Auctioneer
Dec 4, 20233 min read
Auctions, urgency, and omission
Almost all auctions use a sense of urgency in that bidders must make up their minds quickly. A live auctioneer may only take bids for 30...
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Mike Brandly, Auctioneer
Oct 6, 20223 min read
Auctioneers and/or real estate agents
There are maybe (as we believe) 50,000 auctioneers in the United States. The Association of Real Estate License Law Officials (ARELLO)...
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Mike Brandly, Auctioneer
Dec 14, 20203 min read
When is an auction a particularly good decision?
We’ve told countless people that when a seller (owner) has “urgency,” “equity” and “reasonable expectations” that an auction is a perfect...
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Mike Brandly, Auctioneer
Oct 22, 20202 min read
The absolute best auction headline … sold
A 1,000-year-old Chinese bowl sold for $2,225,000 at Sotheby’s. This bowl had previously been purchased at a yard sale for $3. This is...
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Mike Brandly, Auctioneer
Oct 12, 20182 min read
Auctioneers deal with urgency …
Hondros College. In those classes, students often ask what the customary commission is for selling real property; additionally, they...
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Mike Brandly, Auctioneer
Mar 25, 20123 min read
Vickrey auctions — high bidder bids more honestly
A seller can have bidders submit sealed bids, and then sell the single-item to the highest bidder. For example, 3 bidders place sealed...
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Mike Brandly, Auctioneer
Mar 2, 20104 min read
Why aren’t auctioneers saying, “Sold!?”
When I attended auction school, decades ago, I remember distinctly (the very first day) that we were taught to say, “Sold!” when we...
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