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Rainer
4,420
Javier Varon
Carlsbad, CA

They would stop doing it, it agents stopped showing their listings.

Jun 24, 2015 01:08 AM
Rainer
67,672
Jesse McGreevy
Downing Frye Realty, inc. - Estero, FL
Comisar & McGreevy

terrible practice...

Jun 24, 2015 12:58 AM
Rainmaker
397,256
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

I'm not a fan.  

Jun 24, 2015 12:18 AM
Rainer
67,209
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

I really dislike this practice.   MLS is not used to direct you to another site where you can purchase the home.  I my mind it is deception.

Jun 24, 2015 12:05 AM
Rainmaker
699,177
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Our brokers do not do this.

Jun 24, 2015 12:03 AM
Ambassador
1,197,533
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Don't like it at all. Commission needs to be at least 2% or higher, even for an auction.

Jun 23, 2015 11:54 PM
Rainmaker
406,580
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

I hate it and I am the listing broker on most of these properties in my county. When I take the REO assignment, I am not told the property is going to auction. I already have a lot of time vesting into the property when I find out. I just roll with it. Commissions can't be standardize. 

Jun 24, 2015 12:12 PM
Ambassador
3,986,960
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I don't like this at all but being on the listing side of some of these properties you are told to do it by the seller and have no choice but to lose the listing.

Jun 24, 2015 10:46 AM
Rainmaker
292,585
Jack Lewitz
Exit Strategy Realty - Evanston, IL

These are REO properties that are using this strategy to sell . I don't think auctions are a good way to buy or sell but it has become for some lenders the preferred method .

Jun 24, 2015 07:29 AM
Rainmaker
4,799,701
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's the banks that are making them do this.  Though, I would certainly not work for these.  I have told my customers that if they have an interest in these properties they will need to pay me the difference in my commission, otherwise it's a loss of money in the time I need to do these transactions.

Jun 24, 2015 03:51 AM
Rainmaker
794,236
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Mach1 Realty Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

I have not seen this.  When I conduct auctions of Farm Land I can say that at the auction I do not offer a co-op commission ... nor am I offered one at other auctioneers auctions. If I take a buyer to a different Brokers Land auction, the buyer already knows what to add on for my commission prior to the auction.

I do co-op on regular listings. I also do not advertise in the MLS (nor belong) mainly because 90% of my listings are outside most of Nebraska's outstate MLS areas.

Jun 24, 2015 03:09 AM
Rainmaker
1,667,926
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

They too will fade away when they do not receive the responses they expect.

Jun 24, 2015 01:27 AM