I expressly acknowledge and agree to the following Terms and Conditions. I have read and agree to be bound by the Terms and Conditions of Participation for the Auction Sale of the above Property. Two percent (2%) of the High Bid Price will be paid to a qualified Licensed Real Estate Broker (“Broker”) whose registered Buyer’s offer is accepted by the Seller and closes on the Property. Brokers' participation must be preapproved no later than 5:00 PM the day before the auction. To qualify for a commission, the Broker must first register their prospect on the MANDATORY REAL ESTATE BUYER BROKER PARTICIPATION REGISTRATION FORM. NO LATE REGISTRATIONS WILL BE ACCEPTED. Brokers only receive a commission when they represent a client, not if they themselves are the client. Agents are required to attend the auction (if it's live) with the registered client(s) as well as any open houses or private showings he/she attends. They must also visit the property with their client during the marketing period. Agents must have the client's permission to register them for the auction and may not register people who are not actually their clients. Prospects who have had previous contact with the auction company are not eligible. Commissions will be paid only after closing and Huffman's Auctions has been paid in full. If a cooperating Broker has not met all of these requirements, no commission will be paid to the cooperating Broker, even if the cooperating Broker’s client purchases the Property(s). No oral registrations will be accepted. Under no circumstances whatsoever will any commission be paid if the sale does not close for any reason. If the total sales commission is reduced to negotiate a successful sale, the 2% Broker Participation will be reduced on an equal pro-rota basis. The Licensed Real Estate Broker acknowledges that it represents the Buyer, not the Seller, in the above-referenced Auction and agrees to indemnify and hold harmless the Seller, and Huffman's Auctions from any claims, costs, and expenses, including attorney’s fees, arising out of any acts performed or representations made by them in connection with the participation at the Auction of the purchase and sale of the above-referenced Property(s) purchased at the Auction or otherwise. By checking this box, I acknowledge that I have read and understood the Broker Acknowledgement above.

HTML Code