Company History Pacific Auction Exchange (PAX), a Real Estate Auction Company, was established in 1999 and began Real Estate Auction operations in January 2001. PAX began Franchise Operations in November 2001. As the fastest growing Real Estate Auction Company on the West Coast, PAX is the only Franchised Real Estate Auction Company in the United States. Pacific Auction Exchange currently has over 40 locations. Our mission is to introduce the Auction method of marketing to the United States Real Estate Market, leveraging a Franchise network of business partners. We are a team of Real Estate selling professionals and we are committed to increasing brand equity through the development of new Franchises while building a strong company of existing Franchises.