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Rbuy Inc. has launched the world's first online real estate auction service exclusively controlled by real estate agents. Rbuy Online Real Estate Auction (www.rbuy.com) helps agents deliver the true market value of properties to buyers and sellers by eliminating the traditional "negotiation" method, according to company officials. Agents become members of Rbuy to offer the auction service to their sellers in order to buy residential, investment, estate and distinctive properties.
"Rbuy's online real estate auction will change the way agents sell property," said Charles Huggins, president and founder of Rbuy. "The real estate market was the multiple listing service (MLS), with public access only through an agent. Now, with all MLS listings on the Web and open to the public, agents will need additional marketing methods to add value for their clients. As the real estate industry continues to redefine itself, our goal is to provide agents, sellers and buyers with the most valuable service since the MLS. This means that we expect to have the world's largest inventory of listings that buyers can purchase through competitive bidding."
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