Industry NewsTechnology

MLS provider partners with auction site

Realtors can list foreclosures, REOs for bidding

Realtors using certain multiple listing services can now put foreclosures and bank-owned homes up for auction through an online auction platform, according to a release by real estate information technology company MarketLinx Inc. MarketLinx operates the MLXchange, TEMPO and InnoVia MLSs. Through a partnership with, real estate professionals can upload listings and photos from these MLSs and submit distressed properties (excluding short sales) for a live, "eBay-style" auction. Using's BidAssist feature, bidders can tender automatic, incremental offers up to a set maximum. "Unlike other services, keeps Realtors at the center of the transaction," said Ben Graboske, CEO of MarketLinx. "Listing agents control the auction process from end to end and retain their normal commission. is simply another great tool that extends the power of our MLS systems to help real estate professionals sell more homes faste...