It is understood that the Broker commission structure will be based on the stated Terms and Conditions of Sale of the above referenced auction and that said commission will be based on the successful high bid (the Hammer Price)* on the property. Commission is to be paid only to the licensed Real Estate Broker named herein upon closing, where permitted by law, if the above named “Buyer” is the high bidder at auction and the subject property is sold to the same buyer. Broker shall not be entitled to said commission on account of any sale to an entity of which (or any affiliate of which) the broker is a principal, employee, or affiliate, or immediate family member. Agent(s) must accompany buyer(s) to the auction. Only the first registration of a prospective bidder received will be honored.

No Broker Registration Forms will be accepted at the auction site.

*High Bid is defined as purchase price less Buyer’s Premium, if applicable, or “Hammer Price”.

•A three percent (3.0%) commission/referral will be paid on the written opening bid amount.
•A two percent (2.0%) commission/referral will be paid on the balance remaining between the written opening bid amount shown on the Opening Bid Form and the hammer price.
•A two percent (2.0%) commission/referral will be paid on the hammer price when there is no opening bid.