Representing a buyer at auction... does this happen?
This may be a stupid and simple question, but do you agents have experience representing a buyer at a property auction? Is this a common practice? Or should I stay away from leading my buyer to auctions to find properties?
[{"id": "h0gnfzv", "text": "Recommend getting an agreement in writing from your buyer that they will pay a fee to you if there is no fee offered.", "replies": [{"id": "h0gr1t9", "text": "Yes that seems like the best way to ensure a fee my way. Thanks", "replies": [], "depth": 2}, {"id": "h0gx45v", "text": "Agreed. Represent a buyer for a property being auctioned and the broker representing the seller told us late there was no commission being paid to the buyers agent.", "replies": [], "depth": 2}], "depth": 1}, {"id": "h0ha38r", "text": "Yes it's very common! First check to see if the auction company will offer cooperation and follow whatever instructions they give you  to get you protected with your buyer(s). Familiarize yourself with the auction process - registration, bid deposit and most importantly terms because there's going to be a very quick window to close. If you'd like, PM me for more suggestions.", "replies": [{"id": "h0twoxs", "text": "Gotcha. The auctions are represented through a commercial brokerage (Colliers). Would that mean they're probably open to splitting a fee? How would you go about asking?", "replies": [], "depth": 2}], "depth": 1}, {"id": "h0txxas", "text": "There are different types of \"auctions\". A Court Sale (for foreclosure) is different than say an auction sale on a site like [auction.com](https://auction.com).\n\nCourt sale, tax sale, etc. - your client will more than likely need to buy all cash with no or extremely limited inspection time. Be Cautious.\n\nOther \"auctions\" or just a way to get a property \"bid up\" to a higher price by trying to bring in more demand because of a below market \"teaser\" price. Inform your buyer of how this works and the model behind it. The benefit of these sales is...you usually can finance and have some sort of inspection period.", "replies": [], "depth": 1}]