Starting Your Search for a Licensed Real Estate Auctioneer
If you’re planning to sell real property at auction, the first step is finding a licensed real estate auctioneer with proven experience in your local market. Look for an auctioneer who holds both a real estate broker license and an auctioneer license, since real estate auctions involve legal requirements beyond a standard auction of personal property.
Start your search by checking:
- State licensing records — verify the auctioneer’s license is active and in good standing (in Texas, this is regulated through TDLR)
- Track record of sold properties — ask to see recent auction results, not just current listings
- Experience with your property type — a residential home auction requires different marketing than land, ranch, or commercial property
- Online presence and marketing reach — a strong auctioneer should be able to show you how they attract qualified bidders, not just list a property and hope for interest
Questions to Ask Before Hiring an Auctioneer
Before signing an agreement, talk to the auctioneer about the fees, commissions, and other costs associated with selling real property. Specifically, ask:
- What is the commission structure, and who pays the buyer’s premium?
- Are there additional marketing or administrative fees?
- How is the reserve price (if any) determined and handled?
- What is the typical timeline from listing to closing?
- How are multiple offers and online bidding managed?
Why Fees and Commission Structure Matter
Understanding the full cost breakdown upfront helps you compare auctioneers fairly and avoid surprises at closing. A transparent auctioneer will walk you through exactly how their commission works, what the buyer’s premium covers, and what (if anything) comes out of your proceeds as the seller.
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Get InTouch
Email:
411@myersjackson.com
Phone:
+1-844-400-2828 Phone
+1-469-460-4848 Text
Address:
Myers Jackson
P.O. Box 2014, Grapevine, TX 76099