Broker Participation Terms & Acknowledgement Note: You do not need a broker or agent to buy property at auction.
Form is void unless received by BippusUSA.com not later than 5:00 p.m. EST on the last business day prior to the auction date. email to jbippus@bippususa.com or text to 269-535-4961 Auction Date: Property Address: 3117 Willow Street, Dearborn ,Michigan 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 closes and pays the Total Contract Sale Price for this Property. Payment made to Broker upon closing. 3% of the bid price, not including the buyers premium. Broker and Agent 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 3% 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 Assoc.:
Assoc License #
Address: City, State, Zip: Phone #: Email address:
Fax #
PLEASE PRINT CLEARLY ************************************************************************************************************************************************************************************ Bidder/Buyer Name: Address: City, State, Zip: Phone #: Email address: ************************************************************************************************************************************************************************************ The undersigned buyer/bidder makes an opening bid of $ for the property located at . Opening Bid does not include the Buyer's Premium. I agree to the terms set forth herein.
Date:
Broker or Agent Signature
Bidder/Buyer Signature
Received by BippusUSA.com Date
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