The Real Property, Probate and Trust Journal, Vol. 40 No. 4, 2005-2006
58 Pages Posted: 17 Jul 2008
Date Written: Winter 2006
Part I of this Article provides an introduction and history of how the real estate auction has been used to sell non-distressed properties as an alternative to negotiated sales. Part II analyzes, from a legal perspective, auction practices that allegedly undercut the reputation of the industry, including complaints of both buyers and sellers. Part III reviews existing legal and ethical rules that affect the real estate auction process, and considers why existing rules are not adequate and are in need of reform.
Keywords: Real Estate Auction, Celeste Hammond, Steven L. Good, Non-distressed properties, Alternative to negotiated sales, Legal perspective auction practices
Suggested Citation: Suggested Citation
Hammond, Celeste M. and Good, Steven L., Real Estate Auctions: Legal Concerns for an Increasingly Preferred Method of Selling Real Property (Winter 2006). The Real Property, Probate and Trust Journal, Vol. 40 No. 4, 2005-2006. Available at SSRN: https://ssrn.com/abstract=1162251