Why would real estate agents look favorably on auctions?
Real estate agents are realizing that auctions promote activity in an industry that thrives on activity. Agents can get involved in auctions themselves. If an agent brings a buyer to an auction, and that buyer decides to purchases property, the agent may receive a commission. To determine the amount and structure of any commissions to be offered, refer to the particular terms and conditions of the auction contract. Also, a single auction for one development might bring in dozens or even hundreds of prospective buyers who are now in the real estate agent’s market area. Other reasons: * Auction provides a list of ready and qualified buyers. * Offers clients and customers a new selling and purchasing option. * Market shares and revenues are increased – new business opportunities are added. * Agents are able to offer new products and services that other agents aren’t providing. * The property receives exposure to many potential purchasers. * Auctions appeal to people bringing them in to lo
