A Co-Brokerage fee will be paid to any properly licensed real estate broker based on the following criteria: Commission 1. Two Percent (2%) commission will be paid on a written opening bid amount per individual tract shown on the Co-Brokerage Form. A one percent (1 %) commission will be paid on the balance remaining between the written Opening bid amount shown on the Co-Brokerage Form and the actual high bid. Or before Buyer's Premium (if applies). The Maximum Co-Brokerage will not exceed three percent (2%) of the high bid. 2. Registrations without pre-bid amounts, or amounts that do not reflect any true value consultation from the Co-Broker will NOT be accepted as a registration and NO Co-Brokerage commissions will be paid. 3. Co-Brokerage fees will be based on the written opening bids by tract or combinations - NOT on aggregate totals. 4. Co-Brokerage fees will only be paid on "High Bid Price" which is the actual high bid on the respective tract(s) at the conclusion of the auction without Buyer's Premium (if applies).
In the event my client successfully purchases and closes on property, I will receive a commission fee of 1% of the bid price paid by the seller. Agent is acting as agent for the buyer only.
Co-Broker MUST register their client by filling out the Co-Brokerage form COMPLETELY and must Fax, mail or e-mail firstname.lastname@example.org it to Bonnette Auction Company, LLC. The Broker must register his or her Buyer/Bidder by filling out this form, in full, and must fax or mail it to Bonnette Auction Company, LLC. to be received no later than 48 hours prior to the auction date. For Saturday, Sunday or Monday auctions, this form must be received in our office, no later than 12:00 Noon on Friday prior to the auction date. NO ORAL REGISTRATIONS ARE ALLOWED. 1. Co-Broker must register & attend the auction with their registered client. Co-Broker shall represent their registered client; Bonnette Auction Company, LLC. represents the Seller Only. 2. Co-Broker must show property to their client and as their representative will provide client with any necessary due diligence. 3. No Commissions will be paid to Co-Broker, if Co-Broker, its family member or firm is a buyer of any of the auction property. Co-Broker shall give an affidavit to this effect, if requested. 4. Co-Broker CAN NOT successfully register any person or entity that has previously contacted or has been personally contacted by Bonnette Auction Company, LLC. in regards to this particular auction. 5. Co-Broker will ONLY be paid upon successful closing at time of closing and it will be disbursed by the closing agent.