- Report: #921076
Report - Rebuttal - Arbitrate
Complaint Review: Auction.com
Auction.comcalifornia Internet United States of America
Auction.com False Advertising Internet
*UPDATE Employee: Michigan Broker Response
*UPDATE Employee: Auction.com Explains Brokerage Fees
This is a straight out misrepresentation and lie to gain potential clients, even brokers, sell their properties, keep the brokerage fee AND the auction premium fee and give the listing broker nothing or an extremely minimal portion of their listing agreement. I had a client listen in and the person on the Auction.com telephone stated "only some commercial properties qualify for a portion of the listing agreement, but most do not honor the listing arrangement." When my client heard this, he was furious and thankfully did not list with them.
Also, the "broker of record" is Auction.com's Attorney, Lives in California and has no place of business here in Michigan. I really think Realtors should boycott, heavily this company. It's a great place to market properties, but watch the hidden fee's and extreme False advertising.
This report was posted on Ripoff Report on 08/01/2012 04:09 PM and is a permanent record located here: http://www.ripoffreport.com/r/Auctioncom/internet/Auctioncom-False-Advertising-Internet-921076. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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