**How to setup a property for bidding**

Bidding is a powerful and unique selling option. Biding allows you to remove all commissions or just the buyer side commissions and replace them with an offer premium. Within the bidding settings you can control bid start dates and times as well as the offer premiums.

There are two ways to have a property ready for bidding.

**Seller creates a property**

If you added bidding as a selling option, a seller can select bidding and create a seller dashboard.

**Invite a seller**

From your agent dashboard , click add a property, select listing and biding. When you do this, you do not need to select a buyer agent commission as the offer premium will be what covers the commissions. You have a choice to select a listing commisison or you can leave it blank and have the premium cover all commissions.

Once a property is created follow these steps:

Complete your tasks within the property
Set bid terms
Complete final tasks and activate the property on the MLS

When the property is live on the MLS or marketing channels, you can use your offer portal link and or the property marketing link to allow buyers and buyer agents to make offers/ bids. You can use these links in the MLS an automate your bids.

Updated on: 04/10/2024