Is not a requirement to bid through an agent. I won an auction property diy.

There are pro and cons about diy bidding and through agent.

If diy, you decide whether to cont if the bid price keeps going higher. Also you need to do research on the property prior to bidding. Research includes physical and legal, otherwise you may face delay in completing the transfer transaction.

If through agent, you give him the max price, then he will stop if it keeps going higher. Bidding is fast pace and needs split second decision. Time is wasted calling you for further instruction. If you have doubts, he will be able to answer your questions.

For the services he provided, if you win the bid, he will be paid a commission, provided he is a registered auction agent with the foreclosure bank.