There are two ways to make money from real estate auctions.
- Auction listings
- Buyers agency representing buyers at auction
AGENTS SUBMIT YOUR LISTINGS FOR SALE AT AUCTION
Agents, do you have people who want or need to sell but simply cannot because or market conditions?
Do you want to offer your sellers auctions but simply don't know how to go about it?
Would you like a written referral agreement before you give up your listings or hand off your seller to the auction company?
Our real estate referral program pays out 2.5% to 3.5% of the selling price for helping your sellers auction their home using 'The Industry Standard' to deliver a cash buyer in about 4 to 6 weeks.
We have simplified the process and will pay you a referral fee for bringing us people who want to sell their real estate at auction.
The process is simple and easy as 1 - 2 - 3
- Open the seller referral form [pdf] by clicking here
- Complete the form with your information and the sellers information
A member of our staff will contact you by telephone to confirm your referral information and send a 'digitally signed' conformation by e-mail, hard copy or both.
We will qualify your seller to determine if they qualify to sell at auction.
You will be notified once the seller has signed the Uniform Real Estate Auction Listing Agreement and given a schedule of events.
The auction is generally held 4 to 6 weeks after the property is entered or listed with closing 30 to 45 days after the auction.
Payment is made at closing from the proceeds and is usually a line item on settlement statement.
It's really that simple because we do all the work to market and produce the auction.
EARN 3% AS A BUYERS AGENT & GET PAID IN ABOUT 30-DAYS
Agents have the opportunity to earn up to 3% commission by representing buyers at Pax Auctions real estate auction events.
There are several misconceptions many agents have about real estate auctions; the first is they are fire sales and the second is there is no way to get paid.
Real estate auctions are a simple yet complex process and many people are more comfortable using the services of an experienced licensed real estate agent. The process is simple and easy
- Complete the buyers agent registration form (click here for pdf)
- Have the buyer sign the form to acknowledge you represent them
- Submit the signed form by fax or e-mail at least 24-hours prior to the auction
- Attend the auction to represent your bidder as the auction winner
- Encourage them to close as agreed
Real estate sold at auction exceeded $100 Billion in the USA in 2012 with over 2,000,000 properties sold. The 'traditional' real estate market in the country was around $40 trillion or one third of the US economy with about 5 million existing homes sold in 2009. The National Auctioneers Association reports less than 350 people hold the A.A.R.E. (Accredited Auctioneer Real Estate) designation that are 'credentialed' to sell auction services. We plan to change that by building an army of trained auctioneer/agents to list property to be sold at auction.