Posted 1/26/2012 19:14 (#2187922 - in reply to #2187773) Subject: Re: Land auction today results in NO SALE!
S. MN
Many real estate auction contracts state that if the seller decides not to sell the property that day, a commission is still owed if the property is sold within 12 months. Also, the seller usually will be required to pay the marketing costs if the property is a no-sale.