Microsoft Word - Broker Participation Terms Acknowledgement…

Property Information Package

Optional Form REALTORS Only Bidders: You do not have to have a REALTOR to buy property at auction. Broker/Agent Participation Terms & Acknowledgement This form is void unless received via email by BippusUSA.com at jbippus@bippususa.com and not later than 5:00 p.m. EST on the last business day prior to the auction date. Not accepted day of auction. Auction date: March 27, 2024 Property Address: 5137 Jonathon, Dearborn A commission will be paid based on the following schedule to any properly licensed real estate broker whose Buyer/Bidder is the successful purchaser for this property and who actually closes and pays the Total Contract Sale Price for this Property. Payment made to Broker upon closing. 2% of the high bid. (not including buyer’s premium) Broker agrees that if the commission pool is negotiated down in order to confirm the sale, they will accept a proportionate cut. Maximum broker participation shall not exceed 2% of the high bid. Oral registration will not qualify Broker for commission. Agent or Broker MUST attend the auction. Broker agrees that he shall hold harmless and indemnify BippusUSA.com , including its reasonable attorney’s fees, from any and all claims with regard to such commission. State Law requires that Broker/Salesperson disclose that they are principals in a transaction. Brokers acting as principals are not eligible for this commission. No exceptions will be made to the terms of this form. Name of Broker: Broker License #

Name of Company: Name of Sales Agent:

Agent License #

Address: City, State, Zip: Phone #:

Fax #

Email address: ************************************************************************************************************************************************************************************ Bidder/Buyer Name: Address: City, State, Zip: Phone #: Email address: ************************************************************************************************************************************************************************************ The undersigned buyer/bidder makes an opening bid of $ for the property located at

I agree to the terms set forth herein.

Date:

Broker/Agent Signature

Bidder/Buyer Signature

 Received by BippusUSA.com Date

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