Rick Levin and Associates
Rick Levin & Associates is a Chicago-based, privately held auction firm founded in 1990 that sells real estate and personal property via live, sealed-bid, and online auctions for banks, courts, government agencies, and private owners across multiple U.S. states.
- Company typePrivate
- Founded1990
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Rick Levin and Associates does
Rick Levin & Associates, Inc. is a Chicago-headquartered, privately held auction firm founded in 1990 that brokers the sale of real estate and personal property via live, sealed-bid, and online auction formats. The firm serves a heterogeneous client base including private property owners, banks disposing of REO assets, courts ordering foreclosure or partition sales, and government agencies (e.g., ATF, with additional references to U.S. Marshals and U.S. Treasury) auctioning seized personal property. Transactions documented in the input span commercial buildings, residential homes, land parcels, hotels, skilled nursing facilities, vacant industrial sites, and luxury retail condos, with active listings and recent sales across at least eight U.S. states.
The company employs approximately two dozen professionals and executes its service through a standardized playbook: counseling sellers on auction format, running bidder seminars, issuing press releases, designing brochures and advertisements, conducting property showings, assembling bidder information packages, and following up via in-house telemarketing. Its underlying technology is limited to a website-based bidder registration, login, and auction management platform (ricklevin.com) with PDF terms-of-sale documents; no proprietary software, API, SDK, or AI tooling is disclosed. Geographic reach beyond Illinois is achieved primarily through licensed co-broker and conjunction partners (e.g., JBS Advisors, Southwest Real Estate, RE/MAX Premier, Woltz & Associates, Wooley Auctioneers) rather than wholly owned offices.
Revenue is generated transactionally through auction commission fees and a 7.5% buyer's premium applied to hammer prices, with minimum bids and court approval requirements common on lender-driven and judicial sales. The firm carries no external institutional investors, no disclosed debt, and no parent entity, operating as an independent founder-led business under the Rick Levin Auctions brand.
Rick Levin and Associates firmographics
Firmographics- Name
- Rick Levin and Associates
- Legal name
- Rick Levin & Associates, Inc.
- Website
- https://ricklevin.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Rick Levin & Associates is a Chicago-based, privately held auction firm founded in 1990 that sells real estate and personal property via live, sealed-bid, and online auctions for banks, courts, government agencies, and private owners across multiple U.S. states.
- Ownership category
- akta.pro rank
Rick Levin and Associates industry classification
Industry- Product category
- Real Estate Auction Services
- NAICS
- Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (531210)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Wholesale-Jewelry, Watches, Precious Stones & Metals (5094), Services-Advertising (7310)
- akta.pro primary industry
- Real Estate Auction Services (FSAEAJAL)
- akta.pro secondary industries
- Foreclosure/REO & Distressed Property Auctions (BPAJAEAF), Bankruptcy, Probate & Estate Property Auctions (BPAJAEAG), Commercial Real Estate Auctions (BPAJAEAB), Residential Real Estate Auctions (BPAJAEAA), Land & Farm/Ranch Real Estate Auctions (BPAJAEAD), Luxury & High-Value Property Auctions (BPAJAEAE)
Keywords
Where Rick Levin and Associates is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Rick Levin and Associates business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D
Revenue model
- Auction Commission Fees: The company earns revenue through auction commission fees. They charge a buyer's premium (e.g., 7.5% as mentioned in some auction listings) on properties sold at auction. Revenue is generated when properties are sold at auction.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Auction-based pricing varies by property |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Rick Levin and Associates product offering
Product offeringCore offering
Rick Levin & Associates, Inc. is a Chicago-based real estate and personal property auction firm that conducts absolute, sealed-bid, and court-ordered auctions for residential, commercial, land, and bank-owned properties, as well as government-seized personal property (jewelry, vehicles, machinery, equipment). The firm designs and executes full auction marketing campaigns including bidder seminars, press releases, brochures, property showings, bidder information packages, and telemarketing follow-up to qualified prospects.
Product overview
Rick Levin & Associates, Inc. (RLA) is a Chicago-based real estate and personal property auction firm with approximately two dozen professionals. The company operates as a single unified service offering centered around auction-based property sales, comprising two core product lines: Real Estate Auctions (covering residential, commercial, land, and bank-owned properties across the US) and Personal Property Auctions (including jewelry, machinery, vehicles, and government-seized assets). The company also provides Auction Marketing Campaign Services including bidder seminars, press releases, brochures, and property showings. Online Auctions serve as the service delivery channel for remote bidder participation. All offerings are delivered under the Rick Levin Auctions brand through the ricklevin.com platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Auctions
Companies that use Rick Levin and Associates
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles3 records
Rick Levin and Associates technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Rick Levin and Associates partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor.
- JBS Advisors, Inc.minorJoint venture partner for real estate auctions. JBS Advisors works with Rick Levin on various property auctions including Midland Michigan parcels and Chateau Bu-Sche event venue.
- Southwest Real EstateminorPartner for real estate auction services in the 3 Parcels, Midland, Michigan auction.
- RE/MAX PremierminorCo-broker for Chicago Fire Station auction at 1242-1244 N. Wells, Chicago, IL.
- Harbor Country Realty LLCminorCo-broker for Chicago Fire Station auction at 1242-1244 N. Wells, Chicago, IL.
- Woltz & Associates, Inc.minorLicensed Virginia Real Estate Broker & Auctioneer for Fredericksburg, Virginia land auction. License # 321.
- Berkson & Sons Ltd.minorCo-broker for Lake Bluff, IL office building auction at 900 N. Shore Drive.
- Troy Commercial Real Estate Ltd.minorCo-broker for commercial condo auction at 22 N. Morgan, Chicago, IL adjacent to Fulton Market Area.
- Schroeder Moving Systems, Inc.minorPartner for ATF Jewelry Auction handling logistics and moving services.
- Hallberg Auction and Real EstateminorConjunction partner for Polk City, Iowa commercial building auction.
- Wooley AuctioneersminorAALB#2150 licensed auctioneer conjunction partner for Pine Bluff, Arkansas skilled nursing facility auction.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Rick Levin and Associates competitors and assessment
Company assessmentBroad incumbents
- Auction.com: Auction.com (now part of CoStar Group) is the largest online real estate auction marketplace in the US, selling bank-owned, foreclosure, and residential/commercial properties. It is a direct competitor to Rick Levin in foreclosure/REO auctions, but operates at a vastly larger scale and with a fully digital platform.
- Ten-X (Ten-X Commercial): Ten-X runs an online commercial real estate auction platform covering distressed and performing assets across asset classes. It directly competes with Rick Levin's commercial and foreclosure auction services via a technology-led marketplace, though at much greater scale.
Direct peers
- Tranzon Asset Strategies: Tranzon is a national network of real estate auction companies conducting accelerated sales of commercial, residential, and land assets. Comparable to Rick Levin in business model and auction format, with broader geographic coverage via member firms.
- Williams & Williams: Williams & Williams is a US real estate auction firm conducting live and online auctions for residential, commercial, and land properties, with particular strength in bank-owned and foreclosure sales. It is a close direct peer to Rick Levin's real estate and bank-owned auction offerings.
- Hallberg Auction and Real Estate: Hallberg Auction and Real Estate is a Midwest auction firm conducting commercial, residential, and land auctions. Already a conjunction partner with Rick Levin, it represents a direct peer in regional commercial real estate auctions.
- Kaufman Realty & Auctions: Kaufman Realty & Auctions is a Midwest-based real estate and personal property auction firm running live and online auctions. Direct peer to Rick Levin's Midwest-focused real estate and personal property auction model.
- Higgenbotham Auctioneers International (HAI): HAI is a US auction firm specializing in real estate, business liquidation, and personal property auctions, with a national marketing platform. Comparable to Rick Levin across both real estate and personal property (including government-asset) auctions.
- JBS Advisors, Inc. JBS Advisors is a real estate advisory and auction firm partnering with Rick Levin on Michigan and Illinois property auctions (e.g., Midland Michigan parcels, Chateau Bu-Sche venue). It is a comparable boutique real estate auction and advisory firm.
- Schrader Real Estate & Auction Company: Schrader is a long-established US real estate auction firm selling commercial, agricultural, and land properties at auction. Comparable to Rick Levin in offering auction-based marketing and multi-state operations, with similar seller-side services.
- Woltz & Associates: Woltz & Associates is a Virginia-licensed real estate broker and auctioneer conducting land, estate, and commercial auctions. Already a co-broker partner of Rick Levin, it is a directly comparable auction firm in business model and customer type.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat3 records
Customer concentration
Rick Levin and Associates social profiles
Digital presenceRick Levin and Associates financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rick Levin and Associates leadership team
Management profileNumber of profiles
Profiles1 record
Rick Levin and Associates funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rick Levin and Associates M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rick Levin and Associates
What does Rick Levin and Associates do?
Rick Levin & Associates, Inc. is a Chicago-based real estate and personal property auction firm that conducts absolute, sealed-bid, and court-ordered auctions for residential, commercial, land, and bank-owned properties, as well as government-seized personal property (jewelry, vehicles, machinery, equipment). The firm designs and executes full auction marketing campaigns including bidder seminars, press releases, brochures, property showings, bidder information packages, and telemarketing follow-up to qualified prospects.
Is Rick Levin and Associates a public or private company?
Rick Levin and Associates is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Rick Levin and Associates founded?
Rick Levin and Associates was founded in 1990. It employs 11 to 50 people.
Where is Rick Levin and Associates based?
Rick Levin and Associates is headquartered in Chicago, United States, in the North America region.
How does Rick Levin and Associates make money?
One revenue line is on record: auction Commission Fees.
Who are Rick Levin and Associates's main competitors?
Broad incumbents on record are Auction.com and Ten-X (Ten-X Commercial). Direct peers are Tranzon Asset Strategies, Williams & Williams, Hallberg Auction and Real Estate, Kaufman Realty & Auctions, Higgenbotham Auctioneers International (HAI), JBS Advisors, Inc., Schrader Real Estate & Auction Company and Woltz & Associates.
Does Rick Levin and Associates have an API?
No public API is recorded for Rick Levin and Associates.
What industry is Rick Levin and Associates in?
Rick Levin and Associates's product category is Real Estate Auction Services. Its primary akta.pro industry code is FSAEAJAL, Real Estate Auction Services, with a secondary code of BPAJAEAF, Foreclosure/REO & Distressed Property Auctions. Its NAICS code is 53121 and its SIC code is 6531.