Larry Makowski is the founder of Express Auctioneers and has been an auctioneer himself for over 40 years. Larry shares some insider information about the real estate auctioning industry and talk to Jason Hartman about why people choose auctions, what he does to qualify auction bidders, and much more on the AIPIS show. 

Key Takeaways:

1:40 – Some states have exemptions for selling real estate at auctions and you don't need a license for them. 

8:30 – There isn't a set reserve price at the auction, so the seller can decline or accept an offer after the bidding process is done. 

15:10 – Most buyers come the day of the sale and buy without inspecting the property. 

17:30 – Larry is part of quite a few MLSs, but he says it's necessary to get the needed exposure. 

20:10 – According to an older statistic produce by the National Association of Realtors, 1/3rd of properties will be sold through auctions by 2020. 

Mentioned In This Episode:

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