All property listings undergo a multi-stage verification process prior to publishing, but we encourage agents to practice due diligence before submitting a bid proposal or signing a listing agreement.
Home sellers on our platform undergo a strict vetting process. Before a new property listing goes live, we complete the following steps:
1. Verify the home seller’s identity through LexisNexis
2. Verify the home seller’s property ownership or authority to sell
3. Verify that the home seller has not signed any active contracts for lease or for sale
We also confirm that the home seller understands our user agreement and the services that BidMyListing and the winning real estate agent will provide, including the legally binding listing agreement.
BidMyListing does not release funds until we receive confirmation that both parties have signed a listing agreement. Any dispute or failure of the home seller to perform is subject to the terms outlined in the listing agreement.