Auctioneer seeks closer relationship with Realtors®

The rapidly growing trend toward the use of real estate auctions presents major opportunities for Realtors, J.P. King CEO Craig King told professionals at the recent 2006 National Association of Realtors (NAR) convention in New Orleans.

King said his firm alone paid real estate agents and brokers $1.3 million during 2005 for referring sellers and buyers to his company. ""With the many fine auction firms nationwide, imagine how big the opportunity is to get involved with auctions,"" King said.

Auctions can be a valuable tool in the array of services Realtors offer their clients. ""The auction process itself visibly demonstrates a property's market value. And with today's marketplace slowing down a bit, auctions can provide the solution for properties that are taking a long time to sell. They can also enable some individuals to get great values,"" he said.

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