JR WIKANE Auctioneer!

RE Broker & Trainer Donald J. Leske II

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STEP 1. - Agents & Brokers / Register free here - *After you register, your application will be reviewed by the Auction House staff and you will be contacted with information on how to access and use your account. STEP 2. - Agents & Brokers / Members Log in - *Your secure account, to enter details about your clients property that will be Auctioned, with Calendar to select the best date for your Auction Date etc. *must register to gain access - its Free!

- AGENTS & BROKERS PARTICIPATE IN AUCTIONS -

LISTING AGENT: The SELLERS AGENT or Listing Agent, with their Brokers approval, must negotiate with the seller, their client, as to the benefits of the Auction process. We will help in that process. If by mutual agreement the seller and their Licensed Agent/Broker should decide to proceed, then they would both sign a form to cancel that listing if required, also with approval of the NWMLS of course.., so that Auction buyers will not by chance see the home or property for sale or listed elsewhere and so that other earnest members of the NWMLS will not be unduly harmed. This is also to protect the seller. Listing Agents must have an accepted registration with BidRiteAuction.com as seen in our Members area, prior to Auction day and prior to your client/sellers registration.

REFERRAL AGENT: Any duly Licensed Real Estate Agent or Realtor can refer a client, who has not listed their property, to the auctioneer for sale by auction and will receive a referral fee by signing a mutually accepted short term agreement and specific agency agreement with the seller or owner of the property, such as a Buyers Agency Agreement or other suitable Durable Agreement plus accepted registration with BidRiteRealty.com as seen in our Members area, (Attorney approved).

BUYER'S AGENT/BROKER:Registered with BidRiteRealty.com - A duly Licensed Real Estate Agent can assist a buyer to register with the auctioneer and if the buyer is the high bidder and closes on the property, the Buyers Agent will receive a selling commission as per the Buyers Agency Agreement or other Durable Agreement between buyer and their agent - Note, if however you are not registered with BidRiteRealty.com then you must secure your own fee from buyer, (Attorney approved).

You must sign-up and be approved by BidRiteRealty.com as an approved Agent or Broker to register or be paid a commission or fee from the sale to or from a client/buyer. No commissions or fee will be paid to any Licensed Agent, Broker nor any other person making such as claim of "Buyers Agency" or that a buyer was their client, during or after Auction day unless that Agent and their client/buyer was registered as having an Agency relationship. - All Washington State laws shall apply.

WHY WOULD A LICENSED REAL ESTATE AGENT OR BROKER CONSIDER THE AUCTION METHOD OF MARKETING?

Difficult and Unique Properties. Auction is perfect for those properties which simply have not sold, have a narrow market appeal for buyers or need a abnormal amount of expensive media exposure that Realtors simply cannot afford to do.

Estate Liquidation. These properties need to be liquidated quickly. Usually heirs may be outside of the area and do not want or cannot maintain the property for an extended period of time. Also the AS IS condition of sales in auction provides the comfort to the heirs that there will be no haggling for repairs after the home inspections etc.

Relocation. This is great for individuals who need to have a quick, effortless sale with no worries about repairs. This will allow the relocating party to enter into a contract for their new home immediately with a 30 day closing expected on the sale of their home. Auction properties close within 30 days of the actual auction... or sooner!

New Construction Close Outs. The auction method is ideal when a builder has just a few properties left at the end of a project. The builder usually has started a new project and wants to cash out of the old project as soon as possible. The AS IS sale insures no additional extras will be required insuring the builder can move on to the new project within 30 days of the auction sale.

FAST Sales. Divorce, loss of job, a threat of foreclosure and retirement are some of the reasons a seller desires a quick sale. Auction is perfect for any of these situations.

WHAT IS EXPECTED OF THE LISTING AGENT ONCE THE PROPERTY HAS BEEN SIGNED FOR AUCTION?

Open Houses. Two open houses are usually held so perspective bidders can preview the property and obtain auction information. Auctioneer will assist listing agent at the open house in some way, normally via advertising and signage.

Showings. The listing agent will need to provide access to the property for showings outside of the scheduled open houses.

MLS. The listing agent will change the remarks in the MLS to reflect the auction status... or cancel the listing, depending on the NWMLS rules and regulations. No property will be allowed into the Auction without release from the NWMLS.

Auction. The listing agent will attend the auction and assist the auctioneer with the contract signing and answer questions regarding their specific property.