eBay will soon offer binding auctions for real estate in all 50 states and said it is changing the fee structure for real estate listings.

Currently eBay offers binding auctions for real-estate offerings in three states: New York, California and Texas. On May 8, it will expand the program so that binding auctions apply to properties localized in all 50 states (including the District of Columbia). Binding auctions will appear within the Land, Timeshare, Residential and Commercial categories.

Due to the wide variety of laws governing the sale of real estate, eBay Real Estate cannot guarantee consummation of the sale to either the seller or a potential buyer. But so called "binding" auctions of real estate are designed to more directly result in the sale of the property to the highest bidder. In this format, users are asked not to bid unless they intend to complete the purchase of the listed property, subject to customary diligence and contingencies.

eBay is also changing its fee structure: http://www2.ebay.com/aw/marketing.shtml

To view the types of listings available in the real estate category, visit: http://pages.ebay.com/help/community/re_agreement.html#2