US Home Auctions, Real Deal or Just a Gimmick to Sell Undesirable Homes?
By Tina Maraj, Celebrating 30 Years of Real Estate Sales
(RE/MAX One)
On Saturday March 29th I had an appointment to view on of the REDC's Auction properties in Fullerton, with on of my new clients. I had already registered myself and The Smiths, for the auction that would be taking place the following weekend. This would be my first experience with this Auction Company so I read all of the rules, regulations and disclosures made by The Real Estate Disposition Corporation very carefully.Basically it appears that they are responsible for nothing and yet they are charging the buyer a 5% Premium for purchasing a home and they are paying a licensed Realtor such as myself a 1% commission to assist the buyer through the auction, explain the buying process and potentially "take the fall" if the home is a lemon. I do not mind accepting a referral fee of 1% for...
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