How Realtors Earn Money with Auctions!
Today’s changing real estate market has created a demand for transparency in the sales and pricing process. Auctions are no longer considered a means of last resort.
The Jackson Hole Annual Fall Real Estate Auction has a track record for delivering 100% of the present cash market value. Sellers are now ready to deal with reality.
There are two ways to make money from real estate auctions.
- Sellers: Referring your listings to be sold at auction
- Buyers: Representing buyers at auction
We pay out more than any auction company in the nation at about 3% for either side.
SEND US YOUR LISTINGS TO SELL AT AUCTION
Agents, do you have people who want or need to sell but simply cannot because the market is paralyzed?
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?
Jackson Hole Auction Company 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 by clicking here
- Complete the form with your information and the sellers information
- Push the send button to submit your seller information. You will immediately download a PDF copy of your agreement for your records, just as your digitally signed information is sent along to us.
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 held September 19th at the Wort Hotel in downtown Jackson Hole, Wyoming with closing 30 to 45 days after the auction.
Your clients property will be aggressively marketed through a number of mediums the best one being our sponsorship of the Fall Arts Festival in Jackson Hole.
Closing is the same as any other real estate transaction through the Title Company. 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
Market Opportunity
Real estate sold at auction exceeded $100 Billion in the USA in 2008 with over 1,000,000 properties sold. The 'traditional' real estate market in the country was around $40 trillion or one third of the US economy with about 4 million existing homes sold in 2008.
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.
You can learn about our "Secrets of an AARE Auctioneer" training program by clicking here.
