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Real Estate Brokers
In 2007 the gross revenue from goods and services sold at live auction amounted to $270.7 billion. The real estate auction market continues to be one of the fastest growing auction sectors generating $58.4 billion in 2007. The annual report was compiled by Morspace, Inc. on behalf of the National Auctioneers Association.
There are excellent opportunities for Real Estate Professionals to earn profits through auction, the accelerated marketing method for selling real estate, by representing either the buyer or seller of an auction property. C. C. Crump Auction Company is a proud member of the National Association of Realtors and holds the Accredited Land Consultant designation from the Realtors Land Institute.
Realtors can profit from real estate auctions by:
- Referring prospective sellers and earning a referral fee
- Registering prospective buyers for an auction and earning a commission when the sale closes
- Participating in a joint-venture with an auction firm
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Download the Broker Participation Form |
Auction Candidates:
- A listing about to expire
- Property that seller wants to quickly convert to cash
- Bridge loan and “subject to the sale of existing property” situations
- High demand – broad market properties where competition between buyers will boost the selling price
- Inactive listing that deserves a new marketing approach
- Estate and surplus properties
- Financially troubled properties
- Land which hasn’t been subdivided into smaller parcels
Realtor Benefits:
- Generates a list of ready, qualified buyers
- Offers client and customers new selling and purchasing options
- Increases revenue and market share – new business opportunities are added
- Develop your own market niche – able to offer new products and services other agents aren’t providing
- Assurance that property will be sold at true market value
- Property is sold within a relatively short period of time
- Exposes the property to many potential purchasers
- Auctions bring people in to look at all your listings, not just the auction listings
- Successful auctions result in referrals and return business
- Builds rapport with auction firms
- Agents can earn commissions as referring agent/broker, cooperating agent/broker or as the listing agent/broker
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Download the Broker Participation Form |