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Updated about 5 years ago on . Most recent reply

James McGovern's profile image
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James McGovern
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James McGovern's profile image
James McGovern's profile image
James McGovern
  • Member since Oct 2, 2020
James McGovern
15
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69
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General Real Estate Investing

Is this illegal to do on auction.com?

James McGovern
Posted

I have used public sources to ascertain who purchases properties in my area from auction.com. I would like to coordinate with these bidders to ensure that we are not competing with each other on bids so that we can get the best price. Is this illegal? 

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Russell Brazil
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Russell Brazil's profile image
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Russell Brazil
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  • Member since Oct 20, 2012
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
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ModeratorReplied

Yes.

https://www.ftc.gov/tips-advic...

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