WUDUBID.com Realtor's FAQ / Info

We welcome real estate broker and agent participation at our auctions!

A three percent (3%) commission of the successful bid price will be paid by the Seller to the qualified licensed real estate broker whose client is the successful bidder and closes on the property, provided the real estate broker is not prohibited by law from being paid such commission.

REALTORS

If you have SELLERS who might be interested in the auction method for selling their homes, we would be delighted to work with you!

This can benefit you, the Realtor, in many ways:

Offer your clients new selling options;
Expose the property to many potential purchasers;
Assurance that the property will be sold at true market value;
Sell the property in a relatively short period of time;
Increase your revenue and market share;
Auctions encourage people to look at all your listings;
Successful auctions result in referrals and repeat business;
Real estate professionals can earn commissions for referrals,

We will work with you every step of the way.

The first step for you is to make contact with your seller concerning the possibility of auctioning their property. If they are interested, call our office and make an appointment for an auction consultation with you, your client and our staff.

At the meeting, we will determine your client's needs. We will explain the auction process, and answer any questions you and your client may have. If they agree to auction their property, we will discuss the auction right-to-sale contract. Then decisions will be made for specialized marketing.

You, the Realtor, will be included in all aspects of the process, up to and including the auction. Our goal is to make you look good. You will be paid after the closing as in a regular real estate transaction.

Contact us to schedule a free auction consultation for you and your seller! Just click on the "Contact Us" button and request a consultation there.

TO QUALIFY FOR A COMMISSION:

You, the broker, must first register your BUYER client using our MANDATORY REAL ESTATE BUYER/BROKER REGISTRATION FORM, with the signature of the prospective buyer, the signature of the broker and the broker's license number, and other information as shown on the form. This form must be received by the office of WUDUBID.com at least 48 hours prior to the start of the auction. We will confirm receipt of your registration. You may send the registration form to us in one of the following ways: Mail or hand-deliver to:

WUDUBID.com
c/o Butch Morton #1 Realty
2425 Hwy 278, Suite A
Social Circle, GA 30025

Email to: info@wudubid.com

Fax to: 770-464-1990

WE WILL NOT ACCEPT LATE REGISTRATIONS, NOR VERBAL REGISTRATIONS.

You must show the property to your client prior to the auction.
If you, the broker, or a person related to you by blood or marriage is the successful bidder, you will not receive a commission. If requested by WUDUBID.com, you must provide an affidavit stating that you are not related by blood or marriage to the successful bidder.
If other brokers submit a registration form for the same buyer/bidder, only the first registration form received will be honored by WUDUBID.com.
You must attend the auction with your client and must sign in at the registration desk prior to the start of the auction. Please remain with your client throughout the entire bidding and purchase process.
If your client is the winning bidder, you will be required to provide IRS Form W-9 from your brokerage. Commissions will be paid only after the closing and after WUDUBID.com has been paid in full. Brokers are not required to attend the closing.

If you have not met all of these requirements, no commission will be paid, even if your client purchases the property. Under no circumstances will any commission be paid if the sale does not close.

Questions? Please contact us!