Broker Participation Terms & Acknowledgement
Note: You do not need a broker to buy property at auction.
Form is void unless received by BippusUSA.com prior to Wednesday, 12:00 pm on 11/30/2022. Email completed and signed form to kburkeen@bippususa.com
Auction date: Online Auction Bidding ends Wednesday, November 30, 2022, at 12:00 pm Property Address: 3315 Lockwood Street, Detroit, Wayne County, MI 48210 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 successful high bid (not inclu ding buyer’s premium) will be paid with this required completed form received prior to the scheduled conclusion of the auction as stated above.
Broker agrees that if the commission pool is negotiated down 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. Broker agrees that he shall hold harmless and indemnify BippusUSA.com , including its reasonable attorney’s fees, fr om 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 #
Office Address: City, State, Zip: Office Phone #:
Cell Phone #:
Email address:
PLEASE PRINT CLEARLY
************************************************************************************************************************************************************************************
Bidder/Buyer Name: Address: City, State, Zip: Phone #:
Email address:
************************************************************************************************************************************************************************************
The undersigned buyer/bidder agrees to the terms set forth herein for the property located at
3315 Lockwood Street, Detroit, Wayne County, MI 48210
Date:
Broker/Agent Signature
Bidder/Buyer Signature
➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢➢
Received by BippusUSA.com
Date
Made with FlippingBook - Online Brochure Maker