Broker Info

HOW DO REALTORS© BENEFIT FROM OUR SERVICES?

  • Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker.

  • Generates a list of ready, qualified buyers.

  • Offers clients and customers new selling and purchasing options.

  • Increases revenue and market share.

  • Develops your own market niche.

  • Assurance that property will be sold at true market value.

  • Exposes the property to many potential purchasers Nationally and Internationally.

  • Auctions bring people in to look at all your listings, not just the auction listing.

  • Successful auctions result in referrals and return business.

  • Property is sold within a relatively short period of time.

As you can see: The Gryphon USA auction platform does not always replace the traditional listing agent in the sale process. Many REALTOR’s® use auctions to enhance the services that you offer to sellers.

Working with an Auctioneer to Sell at Auction

  • Identify a possible auction situation
  • Refer to an auctioneer for Referral Fee, or
  • Work with Auctioneer for Commission Split
    • Hang Sign
    • Place in MLS or Loopnet
    • Conduct showings or open house
    • Manage incoming calls
    • Coordinate doc delivery

Contact Gryphon for full list of responsibilities and commission sharing options.

Working with an Auction Property Buyer

  • Identify a buying opportunity
    • MLS
    • AuctionZip
    • GoToAuction
    • GryphonUSA.com
    • WavefireX.com
    • Auction.com
    • Find through Google, etc.
  • Determine the amount of Brokers Co-op Fee, if any
  • Register the buyer with an Auctioneer
  • Get Buyer Representation Agreement signed
  • Inspect the Property & Perform CMA
  • Review Terms of Sale and Contract – Explain to client
  • Make sure the buyer is financially qualified
  • Assist with bidding – DO NOT BID FOR CLIENT
  • Follow up with closing