Submitted by Rob Levy
Last week I was invited to sit on a committee by the president of NAR ( National Association of Realtors).  This meeting was a 2 day event and in Chicago near the headquarters of NAR.  First, with 1.3m members I  was honored to be invited and I found it very interesting.
What they were talking about was using auctions to sell real estate.  While this is very popular in some countries, particularly the UK and Australia, it hasn't happened a whole lot in the USA - yet.  It seems with eBay becoming so prominent, that the buying public is now very familiar with the auction process, so the time may have come for this to be a viable part of the home sale process.
NAR will be exploring this more, but in the meantime you can explore some auction sites such as the National Association of Auctioneers and RealEstate.com.au in Australia.  Stay tuned for more to come on this topic......