Does a real estate broker need to become a licensed auctioneer to offer real estate at an auction?
The majority of states require auctioneer registration or licensure. You need to check the requirements in your state. Other options exist for brokers who want to get involved in real estate auctions but do not want to become licensed auctioneers. It can be as simple as registering a buyer, escorting him to an open house, and being paid a commission for his winning bid. It can be as complex as working in a joint venture situation with a qualified auction company. Specific arrangements should be made in writing, outlining the areas of responsibility for both the broker and the auction company. 26. Why should a real estate broker offer auction services? Auctions can expand your market and your revenues. The auction process will help you obtain new clients and will offer additional active marketing services to your existing clients. 27. In a auction company advertises “broker participation”, how can I earn a commission? In order to earn a commission in an auction transaction, most auction
