Buyer Broker Participation Terms Referral Form printable pdf download

ROBERT L. BLACKFORD

BUYER BROKER PARTICIPATION TERMS & REFERRAL FORM

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.

ONE PERCENT (1%) commission will be paid on pre auction written opening bid of at least Seventy

Percent (70%) of the high bid. One percent (1%) will be paid on the final bid, if Broker has registered

bidder. The Broker Registration Form is attached herewith or available upon request. IF AN OPENING

BID IS NOT WRITTEN ON THE BROKER PARTICIPATION FORM OR DOES NOT EQUAL AT LEAST

SEVENTY PERCENT (70%) OF THE HIGH BID, THEN NO COMMISSION WILL BE PAID TO THE

BROKER. THE MAXIMUM BROKER PARTICIPATION WILL NOT EXCEED TWO PERCENT (2%) OF

THE HIGH BID. NOTE: In order to earn the two percent (2%) Broker Participation, you must have a

seventy percent (70%) pre-auction bid and also have a buyer that is the high bidder and closes.

TO EARN THE FOREGOING APPLICABLE COMMISSION, BUYER BROKER MUST:

BROKER MUST REGISTER HIS BUYER/BIDDER BY FILLING OUT THE BROKER REGISTRATION

FORM, IN FULL, AND MUST FAX, MAIL OR EMAIL IT TO ROBERT L. BLACKFORD REAL ESTATE

AND AUCTION. TO BE RECEIVED NO LATER THAN 48 HOURS PRIOR TO AUCTION DATE.

BROKER REGISTRATION FORMS SENT DIRECTLY TO SELLER WILL NOT BE HONORED.

•

BROKER must show the property in person to his Buyer/Bidder.

•

BROKER must attend and register with his Buyer/Bidder at the auction

•

BROKER agrees that BROKER will not claim any exceptions to the foregoing procedures unless

made in writing and signed by SELLER.

•

BROKER agrees that no oral registration will qualify BROKER for commission.

•

BROKER agrees that BROKER will not be entitled to a commission, if BROKER or any member

of BROKER'S family or firm participates, as a principal at the Auction. BROKER shall give an

affidavit to this effect, if requested.

•

BROKER agrees that BROKER'S commission will be due upon final closing of the purchase by

his Buyer/Bidder with all consideration paid in full.

•

BROKER agrees that only the first registration of prospective Buyer/Bidder will be accepted and

honored.

•

BROKER agrees that commission will ONLY be paid at time of closing and will be disbursed by

Escrow Agent.

•

BROKER agrees that he shall hold harmless and indemnify Robert L. Blackford Real Estate and

Auction, including its reasonable attorney's fees, from any and all claims with regard to such

commission.

•

buyer. Broker must complete the "Buyer Broker Registration Form" below and submit it on-line or

you can print this page, fill it out and fax back to us at (270) 726-1407.

No broker will be recognized on a prospect that has previously contacted Seller or Robert L. Blackford

Real Estate and Auction, or has been previously contacted by Seller or Robert L. Blackford Real Estate

and Auction. A complete registration file on all prospects will be maintained. All registrations accepted by

Robert L. Blackford Real Estate and Auction will be acknowledged via e-mail and in writing at the auction

registration desk. There can be NO EXCEPTIONS to this procedure and no oral registrations will be

accepted.

Buyer Broker Participation Terms Referral Form

Related Articles

Related forms

Related Categories