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Rainmaker
515,690
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I agree with Nina; a new agent shouldn't even be venturing into this right now. There are too many traditional ways for them to begin.

Dec 13, 2017 06:40 AM
Rainmaker
2,155,479
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

No clue... auctions are not in my wheelhouse. But I know enough about autions to know  it's not an arena in which I'd recommend a brand new agent dabbles.

Dec 13, 2017 06:38 AM
Rainmaker
359,294
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I had to run a short sale through Auction.com once- the highest bidder didn't follow through. We put it back up for auction a 2nd time & there were "crickets". Third time someone bit. Seemed like the long way to an end considering I had offers from Agents. I think their fees (% based) turn off some buyers. Have no idea how a new agent could use it to their advantage (bettter than MLS).

Dec 13, 2017 06:26 AM
Rainmaker
769,053
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Going along with what others have said, citing  Article 11 of the Code of Ethics:
REALTORS® shall not undertake to provide specialized professional services concerning a type of property or service that is outside their field of competence unless they engage the assistance of one who is competent on such types of property or service, or unless the facts are fully disclosed to the client.

Dec 13, 2017 06:51 AM
Ambassador
1,883,686
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

        Auctions is its own specialty.  Usually foreclosures or hard-to-sell properties.  Bidders are either investors shooting for 50 cents on the dollar, or newbie/numpties who think that they are going to get a deal.   

    I wouldn't send a new agent there.

Dec 13, 2017 06:45 AM
Rainmaker
1,307,769
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Well a short course on auctions would be good. They are not hard just different. #1 should be sure that you put your commission in the right spot. 

Here's what I would do - use their listings, all of them! If they are a foreclosure (which they should be) you are allowed to advertise them even if they are not your companies listings. So do that wherever you can trying to get buyers for this 'deal'. 

2nd - sellers in the area HATE these houses so also contact them. Tell them you are trying to get 'this stinky fish' out of the neighborhood. Do they know of a buyer? Do you plan on moving soon?

Dec 13, 2017 10:43 AM
Rainmaker
417,383
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Dec 13, 2017 07:39 AM
Rainmaker
4,005,638
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

new agents should start with basics.... securing business from visitors to open house events would be first and foremost...they'll get buyers and buyers have homes to sell...

Dec 13, 2017 07:29 AM
Rainmaker
619,830
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Get familiar with the workings of auction.com. Attend some auctions. Auctions aren't the best way for most sellers to get rid of property. Many auctions I went to were a waste of time for buyers and sellers. For builders dumping lot inventory, they can be good. When sellers set reserve too high, it can be a waste of time for everyone. Buyers at auctions are looking for deals. In some situations though, auction is the best way to sell. Look at referring to auction companies. One of the better auction companies in this area is http://www.nichollsauction.com/. I wouldn't focus just on auction.com.

Dec 13, 2017 06:49 AM
Ambassador
3,154,861
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

May be a way to find a few buyer clients from those who do not succeed in the auction.

But the sellers here likely already have representation from a broker.

Dec 13, 2017 09:41 AM
Rainmaker
4,334,154
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

I have sold many homes at auctions.

Dec 13, 2017 08:02 AM
Rainmaker
2,676,951
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Nina Hollander nailed this one!

Dec 14, 2017 05:09 AM
Rainmaker
1,246,241
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

I would pass, unless they have a good mentor or partner who knows how to work with these kind of websites. 

But, if you absolutely must, read at least all rules and small print there. 

Dec 13, 2017 01:30 PM
Rainmaker
986,107
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I use it regularly.  It has zero value to traditional agents.  They are not going to get listings or buyers from it and there is no place for them to waste their money buying leads.

Dec 13, 2017 10:46 AM
Rainmaker
510,007
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

I have no clue. I'm only commenting because I need the points.

Dec 13, 2017 09:15 AM
Rainmaker
2,309,592
Richard Weeks
Dallas, TX
REALTOR®, Broker

I wish we knew

Dec 13, 2017 06:46 AM
Rainmaker
2,425,543
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

I have no idea. Only been involved in one auction!

Dec 13, 2017 06:41 AM
Rainer
97,901
David Martin
Fairfax Realty - Alexandria, VA
Making Realty Dreams a Reality

I don't know what it is so don't know how they would use it

Jan 16, 2018 06:56 PM
Rainmaker
3,282,513
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Being a seasoned agent, have not been involved with this.

Dec 17, 2017 08:26 AM
Rainmaker
3,990,575
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have no clue.

Dec 14, 2017 05:11 AM
Ambassador
2,282,897
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

That is not a path I would suggest for a new agent. There are plenty of other ways for new agents to build their business more fruitfully.

Dec 13, 2017 09:44 PM
Ambassador
3,420,368
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

If they are a new agent they should avoid using any online Auction sites. An agent would starve on those commissions.

Dec 13, 2017 07:51 PM
Rainmaker
3,762,936
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck.

Dec 13, 2017 09:58 AM