Broker Participation Form

Broker Participation Form

Broker Participation







Auction Property Address







Broker Acknowledgement

I expressly acknowledge that the above registered Bidder is my Buyer Client and has signed a Buyer’s Agency Agreement with my firm and I agree to the following Terms and Conditions: 1.) I have read and explained to my Client and agree to be bound by the Terms and Conditions of participation for the auction sale of the above property. 2). A commission of 2% of the registered Bidder’s last successful bid (i.e., high bid BEFORE Buyer Premium is added) will be paid to any properly licensed real estate broker whose Buyer/Bidder is the successful purchaser for this property, and who successfully closes under auction terms. It is understood and agreed that the Broker commission structure will be based on the stated terms and conditions of sale. 3.) Commission is contingent upon and will ONLY be paid if Broker Participation Form is received by the auction company no later than 5 pm on the business day before the auction, no exceptions. 4.) Broker agrees that Broker will not claim any exceptions to the foregoing procedures. 5.) Broker agrees that if the commission is reduced due to negotiations between Buyer and Seller, the commission to the Broker shall be reduced accordingly. 6.) Broker agrees that Broker’s commission will be due upon closing of the purchase by their Buyer Client with all consideration paid in full. 7.) Broker/Agent must have shown the property to their client prior to the end of the auction. 8.) Broker shall not be entitled to said commission on account of any sale to an entity or an affiliate of said entity of which the broker is a principal, employee, or affiliate, or immediate family member. 9. Broker agrees that he/she shall hold harmless and indemnify this company, including its reasonable attorney’s fees, from any and all claims with regard to such commission. By checking this box, I acknowledge that I have read and understood the Broker Acknowledgement above.