I like the idea of selling a house through Round Robin and I have advised new real estate investors wanna-be to start learning the business by becoming marketing consultants for round robin auctions.

There are many sellers and investors who would welcome this type of service and very few know how a Round Robin works.

The process is as follows:
1. The seller and the marketing consultant enter into an agreement (called a Marketing Agreement), which specifies fee paid, terms of agreement, and confidentiality clause;
2. The property is prepared for sale;
3. Hosted Open House;
4. Bidding Registration.


Please note that the marketing consultant just prepares the house for auction, prepares the necessary material, etc. He/she does not have the authority to take or negotiate contracts, unless he/she is a real estate agent.

Is anyone using successfully this method of selling/auction? I have been doing it in St Louis, but I am kind of a "white fly" here with this system - I heard it is more popular on the West Coast.