FAQs

  1. What am I bidding on?
    A: REALTORS® bid on the opportunity to represent sellers and buyers during a real estate transaction. The amount of each bid is the sales commission or flat fee you are willing to accept for performing the services outlined in the auction description.
  2. What is the cost to me?
    A: 5% of the gross commission collected by the agent is expected to be paid if a lead results in a sale. An estimate is disclosed by the system prior to accepting each bid.
  3. Why would I bid for a lead where my compensation decreases with each bid?
    A: Buyers and sellers can restrict bidding by specifying a minimum AgentRank™ for auctions. If a REALTOR'S® AgentRank™ does not meet the minimum, he/she will be unable to bid. Specifying a higher AgentRank™ creates an artificial shortage of REALTORS® available to bid resulting in a higher commission. REALTORS® who maintain a high AgentRank™ will naturally command higher commissions.
  4. Why haven't I received notification of any lead auctions in my area yet?
    A: First, have you told us what ZIP codes you want to monitor for new lead auctions? If so, then read on. Our lead auction volume varies by location. I assure you, however, we are working feverously to release value-added features that will generate web traffic.