MLS Complaints Real Estate Auction Not Warranted

What Counts as a Real Estate Auction

READ before you COMPLAIN to MLS.
This is a multiple offer situation, or officially known as a real estate auction. I am a licensed real estate auctioneer, and I can officially and legally conduct an auction. If you do not understand the conduct of an auction or the rules of the terms and conditions, I kindly ask that you read those before making quick assumptions. An evident fact is most REALTORS® do not read the information.

Why MLS Complaints Against Real Estate Auctioneers Are Not Warranted

To, in any manner, downgrade real estate auctions is a violation of the Code of Conduct. To take action to elevate an auctioneer from doing business is restraint of trade and a violation of the Sherman Antitrust Act.

Bid Suppression and Antitrust Violations

To hinder an auctioneer from collecting offers is bid suppression, and for two or more parties to create a circumstance that hinders the auctioneer from receiving offers is conspiring to bid rig — a violation of all the above, plus the Clayton Act.

Just because you get Zillow leads and don’t like it when they called for an auction does not give you the right to suppress bidding or restrain my business.

Of course, this is not meant for everyone. But for those who wish to make undocumented complaints because you’re too obtuse to participate — that does not give anyone the right to violate my rights. Additionally, it is illegal to require the seller to sell for any price, listed or otherwise. That is defined by the DOJ as price fixing.

How Multiple Offers and Real Estate Auctions Work Together

It is easy to participate. It’s transparent. It’s competitive. It’s authorized by the seller. In the state of Texas, the seller has rights. Refer to the rules of multiple offers. Auctioneers invented multiple offers. So, if you don’t like it, that’s fine — move on. If you would like to earn money, get your buyer involved.