Reviews of BidMyListing – (bidmylisting.com) Is it reliable or a scam?

BidMyListing is a digital platform in the real estate sector that operates as a marketplace for residential listings. Its core proposition is that the owner registers their property, and interested agents can offer (bid) to win the exclusive right to sell it, paying an upfront fee for the opportunity to list it.

• What it does: it transforms the traditional process of “choosing an agent” into an auction mechanism where multiple agents compete for the listing.

• What it offers to sellers: the ability to receive multiple proposals from agents, with different marketing plans and commission structures, instead of contacting them one by one.

• What it offers to agents: access to leads from sellers who are already committed to selling, but with an upfront cost to participate in the bidding.

The platform positions itself as a solution that aims to “eliminate the guesswork” in the selling process and make agent selection more transparent.

Positive Aspects According to Users and the Industry

Although there is no large volume of seller reviews, several positive points are highlighted in media and corporate materials:

• Competition among agents: sellers can see multiple proposals and compare marketing approaches, commissions,s and experience before deciding.

• More structured process: the platform standardizes part of the selection process, which can reduce the uncertainty of “who to hire”.

• “Top” agents in the area: BidMyListing claims to connect sellers with top-performing agents in their area, which in theory increases the quality of the offers received.

• Innovative model: various industry media describe it as a disruptive proposal compared to the traditional agent hiring system.

These aspects appear mainly in press releases and corporate profiles, rather than in detailed end-user reviews.

Who Is Behind It and How to Find Them

BidMyListing was founded in 2020 and is headquartered in Newport Beach, California, United States.

• Founder: Matt Proman is identified as the founder and Chairman of BidMyListing, with more than two decades of experience in B2B and B2C businesses. The company appears to be private, with between 11 and 50 employees according to its LinkedIn profile.

• Websites:

  • Main: https://www.bidmylisting.com

  • Also redirects to / and is associated with: https://www.redy.com.

• Contact:

  • Phone: 323-515-0624 (office in Newport Beach).

  • Email: [email protected].

  • Social profiles: presence on LinkedIn and X (Twitter) under the name “BidMyListing”.

To verify who is behind the company, you can check its LinkedIn profile, its corporate website, and press releases where the company and its founder are mentioned.

Documented Criticism and Reviews

The available opinions are mainly from agents and industry media, not from a large volume of sellers.

Agent Opinions (Realtors)

In forums such as Reddit (r/realtors), mixed positions are observed:

• Some agents describe the model as a “gimmick” and question the logic of “paying for the opportunity to list” a property.

• Others do not report specific problems with the company, but express doubts about whether the bidding cost translates into a real benefit for their business.

• In specialized media, some brokers point out that the agent ends up paying a high price for a lead without clarity on how much they will be able to charge the seller later for their services.

Seller / End-User Opinions

• No large corpus of public reviews has been found from sellers who have sold (or attempted to sell) through BidMyListing on platforms like Trustpilot or Google Reviews.

• The available information focuses more on describing the model and media coverage than on detailed end-user experiences.

Overall, the “criticism” does not point to fraud or documented misconduct, but rather to doubts about the business model and its convenience for agents.

What to Consider Before Hiring

Before using BidMyListing, both sellers and agents should consider:

For Sellers

• Cost to the agent vs. cost to you: although the seller does not pay directly for the bid, that cost may be reflected in the commission or fee structure that the agent proposes.

• Quality of proposals: review in detail what each offer includes (marketing plan, photos, videos, portals where it will be published, experience in the area, sales history).

• Traditional alternatives: compare with the usual process of interviewing 2–3 agents on your own, without going through an auction platform.

• Geographic availability: verify that there are enough active agents in the area where the property is located for the “auction” to make sense.

For Agents

• Lead profitability: calculate whether the bidding cost plus the time invested in the proposal can be recovered with the expected commission.

• Conversion rate: ask (or research) how often bids turn into signed listings and, from there, into closed sales.

• Local competition: assess whether many agents in your market are bidding on the same leads, which could increase the cost per opportunity.

• Lead generation alternatives: compare with other lead sources (referrals, own marketing, traditional real estate portals, social media).

In both cases, it is advisable to treat BidMyListing as one more tool within a range of options, not as the only way to sell or acquire clients.

Is It a Scam or Is It Reliable?

Based on publicly available information:

• There are no indications that BidMyListing is a scam. The company is registered, has a physical office in the US, an identified founder, corporate profiles on LinkedIn, and coverage in real estate industry media.

• It has raised capital from investors (for example, USD 15 million in 2022), which suggests a certain level of due diligence by investment funds.

• Existing criticism focuses on business model issues (whether it is convenient for agents, whether the cost is justified) and not on fraud, non-payment,t or documented deceptive practices.

Therefore, it can be considered a legitimate platform, although its convenience will depend on:

• The geographic area of the property.

• The profile and objectives of the seller.

• The strategy and margins of the agent.

As with any service, it is recommended to:

• Read the terms and conditions carefully.

• Clearly understand what is paid, when, and what is received.

• Compare with alternatives before committing.