Ep 56. How are Auction Reserve prices set?

In this episode, Michelle discusses the process of how sales reserves are set and the common misconceptions surrounding price guides and reserves in property auctions.

In today’s episode, you will learn how price guides are determined, and by whom, the legal obligations a sales agent has when offers are made and rejected, how auction reserves are set, and by whom, and why you shouldn’t pay attention to how much a property sells above the reserve price.

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Full show notes to the episode can be found here.

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