Course Title:
How to Survive a
Real Property Auction
Number of Credit Hours: 3
Duration:
3 hours
Provider Name:
Myers Jackson
Provider License Number:
698695
Course Description: The Real Estate CE Elective Course on “How to Survive a Real Property Auction” explores the dynamics between real estate professionals and auctioneers, addressing common fears and misconceptions while highlighting opportunities for collaboration. Participants will gain insights into auction processes, accelerated marketing strategies, handling contingencies, and optimizing open houses.
Assignments, Activities, and Topic Quiz:
• Group Discussion: Participants share their experiences and concerns regarding
collaboration between real estate professionals and auctioneers.
• Case Studies: Analyze real-world scenarios involving auction sales and real estate
transactions, identifying key strategies and challenges.
• Role-Playing Exercise: Participants enact negotiations between real estate agents, sellers,
and auctioneers, focusing on effective communication and problem-solving.
• Quiz on the course topics covered in this session
• Multiple-choice questions assessing participants’ understanding of the course material
Course Title:
How to Survive a Real Property Auction
Number of Credit Hours: 3
Duration: 3 hours
WHERE:
METRO TEX HEADQUARTERS
1701 KINWEST IVING, TX 75063
WHEN:
WEDNESDAY OCTOBER 30, 2024
9AM-12PM
Course Description: The Real Estate CE Elective Course on “How to Survive a Real Property Auction” explores the dynamics between real estate professionals and auctioneers, addressing common fears and misconceptions while highlighting opportunities for collaboration. Participants will gain insights into auction processes, accelerated marketing strategies, handling contingencies, and optimizing open houses.
MESSAGE FOR MORE INFO
TEXT: “How To Survive a Real Property Auction 3 Hour CE Course”
to 469-460-4848
How To Survivea
Real Property
Auction
3 Hour CE Course
Course Topics:
Main Topic: Collaboration between Real Estate
Professionals and Auctioneers
Number of Minutes: 40
Subtopic 1: Common Misconceptions and Fears
- Discussion on common fears and misconceptions real estate professionals have about auctions and how these can be overcome. Are auctions only foreclosures?
• What are common property types: Residential, Commercial, Land and Ranch, Multi-parcel, multi-property
Subtopic 2: Understanding Auction Processes
- Detailed explanation of how auctions work, including the different phases of an auction, key roles, and the flow of an auction event. What does the law say on who can conduct an auction?
Subtopic 3: Accelerated Marketing Strategies
-
Exploration of marketing strategies used to accelerate property sales through auctions,
including targeted advertising and leveraging auction platforms.Subtopic 4: Handling Contingencies and Buyer/Seller Concerns
-
Strategies for managing contingencies in auction sales and addressing common buyer and
seller concerns. What are the terms and conditions of sale?
Main Topic: Optimizing Open Houses
Number of Minutes: 35
Subtopic 1: Multiple Offer Management
- Techniques for managing multiple offers during open houses to ensure optimal outcomes
for sellers. Blind Offer vs. Open Market Offers
Subtopic 2: Improved Contract Terms
- Discussion on how auctions can lead to improved contract terms for sellers, including
fewer contingencies and quicker closings, disclosure is key!Subtopic 3: Seller, Buyer, and Agent Advantages
- Examination of the advantages auctions provide to sellers, buyers, and agents, and how
these benefits can be communicated effectively in an open public situation (i.e.
Accelerated Open House)
- Examination of the advantages auctions provide to sellers, buyers, and agents, and how
Main Topic: Exploring Auction Formats
Number of Minutes: 30
Subtopic 1: Live Outcry Auctions
- Description of traditional live auctions where bidders participate in person, including key
elements and considerations. What role does the auctioneer play?
Subtopic 2: Online-Only Auctions
- Overview of online-only auctions, where bidding occurs exclusively over the internet,
and the benefits and challenges of this format. How the auctioneer monitors bidding.Subtopic 3: Simulcast Auctions
- Explanation of simulcast auctions, where live and online bidding occur simultaneously,
and how this format blends traditional and modern auction practices. How bids are
received across platforms.
- Explanation of simulcast auctions, where live and online bidding occur simultaneously,
Assignments, Activities, and Role-Playing Exercise
Number of Minutes: 15
Activity 1: Group Discussion
- Participants share their experiences and concerns regarding collaboration between real
estate professionals and auctioneers, fostering a collaborative learning environment.
Questions, Myths
Number of Minutes: 10
Activity 2: Role-Playing Exercise
- Participants enact negotiations between real estate agents, sellers, and auctioneers,
focusing on effective communication and problem-solving.Case Studies and Analysis
Number of Minutes: 10
Case Study 1: Auction Sales Scenarios
- Analysis of real-world scenarios involving auction sales, identifying strategies,
challenges, and lessons learned. (Coke Martin Estate)
Number of Minutes: 10
Case Study 2: Complicated Real Estate Transactions
- Examination of case studies on real estate transactions related to auctions, highlighting
key points and takeaways. (The Filmore Estate)
Assessment: Quiz on Course Topics
Number of Minutes: 15
Multiple-Choice Quiz
- Assessing participants’ understanding of the course material through a series of carefully
designed questions covering key topics
Conclusion and Q&A
Number of Minutes: 05
Course Recap
- Summary of the key points discussed throughout the course, reinforcing important
takeaways.Q&A Session
Number of Minutes: 05
- Open floor for participants to ask questions, clarify doubts, and engage in further
discussion.
Total Number of Minutes: 180Total Minutes for Course (50 minutes per credit hour): 180 minutes = 3 credit hoursAmount of Time Dedicated for Each Topic
• Introduction and Course Overview: 5 minutes
• Collaboration between Real Estate Professionals and Auctioneers: 40 minutes
• Optimizing Open Houses: 35 minutes
• Exploring Auction Formats: 30 minutes
• Assignments, Activities, and Role-Playing Exercise: 25 minutes
• Case Studies and Analysis: 15 minutes
• Assessment: Quiz on Course Topics: 10 minutes
• Conclusion and Q&A: 10 minutes
- Open floor for participants to ask questions, clarify doubts, and engage in further
WHERE:
METRO TEX HEADQUARTERS
1701 KINWEST IVING, TX 75063
WHEN:
WEDNESDAY OCTOBER 30, 2024
9AM-12PM
How To Survive a Real Property Auction 3 Hour CE Course
.
How to Survive a Real Property Auction
Texas Real Estate Commission Consumer Protection Notice
To Contact the Texas Department of Licensing and Regulation
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