We receive many calls on a daily business concerning the sale of personal property, business liquidations, surplus assets, and real estate. One of the top questions that we receive is why should I hire you over your competition?
I am always fond of this question and it always keeps me on my toes. The first thing that comes to mind is Licensed Auctioneer. Texas auctioneers are licensed and regulated through a recovery fund. If you do not get paid by an auctioneer there is a recovery fund available. The Commission shall maintain at least two hundred thousand dollars ($200,000) in the Fund for use. Claims against the Fund are limited to individuals who have contracted with a licensed auctioneer. An individual may receive a maximum of $10,000 for a claim against an auctioneer, regardless of the amount of actual loss. When more than one claim is filed against the same auctioneer by different claimants, the Fund pays a maximum of $20,000 for all the claims combined. If the claims against the same auctioneer total more than $20,000, the Fund pays out compensation to claimants on a prorated basis. It pays to hire a licensed auctioneer.
