auctioneers: How Do Real Estate Auctions listed on MLS work? - 06/13/12 09:06 AM
Often we have buyers ask us how auctions that are listed on MLS work?
Auctions are done in a variety of ways, but I think buyers often have the perception that if they eliminate using a buyers agent and purchase directly from an auctioneer they can save money. 

I will give you an example of how one of the main auctioneer companies in town works.
The auctioneers usually charge the buyers a 6-8% premium on top of the sale price. If the buyers are using an agent to represent them, the agent will get paid 2% out of that premium, … (0 comments)

 

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