REALTORS:

More than $115 billion of real and personal property is sold at auction annually in the U.S. Of this total, $32 billion is real estate.

Auctions are an acceptable alternative to traditional private treaty sales. "The NATIONAL ASSOCIATION OF REALTORS® believes real estate auctions are an innovative marketing tool which can benefit buyers and sellers in good times and bad..." (From the NAR Auction Committee's A Guide to Real Estate Auctions.)

You can use the auction process three ways:

• Register a buyer
• Sell one of your listings
• Join the Premier Auction team

REGISTER A BUYER AT PREMIER AUCTION GROUP

Earn up to a 3% commission at settlement by properly registering the successful high bidder at a PREMIER AUCTION GROUP real estate auction.*

* Requirements for Cooperating Agents Producing Buyers

• Agent must be licensed in the state in which auction is conducted.
• A PAG buyer application form must be properly completed and received by PAG at least 24 hours prior to auction.
• The agent must show the property prior to Auction and attend the sale with the buyer and assist in closing procedures.

SELL YOUR LISTING AT A PREMIER AUCTION GROUP AUCTION

Earn up to a 3% commission at settlement by entering your listing in a PREMIER AUCTION GROUP real estate auction.

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

To put a listing in a PREMIER auction:

• Agent must be licensed in the state in which auction is conducted
• A PAG auction amendment must be added to listing agreement
• Listing agent maintains sign and lock box on property, conducts open houses, shows property by appointment and attends auction to assist in closing procedures.
• Agent provides PAG with the necessary information to properly represent and promote the property to be auctioned.

Note: For REALTORS® who do not wish to be actively involved in the auction process, PAG offers a referral fee on a case-by-case basis for producing buyers or sellers. We will handle the entire transaction. Agent must originate initial contact between seller or buyer and PAG and Associates, Inc. for each specific property auction.