Legendary Auctioneer Addresses RE/MAX Representatives on Growth in Real Estate Auctions

. March 7, 2008

AMARILLO, Texas – Hall of Fame Auctioneer “Spanky” Assiter addressed an audience of RE/MAX real estate agents from across the country today in Las Vegas. One of the industry’s leading Auctioneers, “Spanky” presented a seminar titled “Explore the Auction Option” before conference attendees. The 35th RE/MAX International Convention began on Monday, March 3 and concludes today at the MGM Grand. RE/MAX is one of the world’s largest real estate companies with 7,000 offices and 115,000 agents.

Founder of Assiter & Associates, “Spanky” is one of the world’s most sought-after Auctioneers. An International Auctioneer Champion (IAC) and National Auctioneers Association (NAA) Hall of Fame inductee, “Spanky” is an expert in the field of auctions, particularly real estate auctions. In 2007, the NAA reported that the auction industry sold $270.7 billion in goods and services at auction. Real estate is the fastest growing segment of the auction industry with over $58.5 billion sold at auction in 2007. Residential real estate auctions continue to lead the industry, growing 46.6% between 2003-2007.

As more and more consumers turn to auctions to buy and sell real estate, traditional realtors are adding the auction method of marketing to their business practices. Despite a downturn in home sales, residential real estate auctions grew 5.3% in 2007. In years past, Auctioneers and traditional real estate professionals have competed for business; however, in today’s housing market, real estate professionals are partnering with auction companies or expanding their business services to incorporate auctions as a viable option to buyers and sellers of real estate. Auctions expedite the process of selling real estate, minimize holding costs and sell the real and personal property at its market value.

About “Spanky” Assiter

In addition to successful career selling real estate at auction, “Spanky” has extensive auction experience in a variety of fields. Auto enthusiasts around the world tune in to Speed TV every year to see “Spanky” in action at the Barrett Jackson Classic Car Auction. His auction experience includes heavy equipment and livestock as well. “Spanky” is currently one of the top Auctioneers for the Keeneland Thoroughbred Racing Association which is the world’s largest thoroughbred horse auctions. “Spanky” is a member of the National Auctioneers Association and the National Association of REALTORS®.

Assiter & Associates, LLC (www.assiter.com)

Founded in 1983, Assiter & Associates is an international auction company based in Amarillo, Texas. Specializing in auto, real estate, heavy equipment and livestock auctions, Assiter & Associates has conducted over 5,000 auctions generating over $3 billion in assets sold at auction.

Category: Auction News

Comments are closed.