Broker/Agent Cooperation – Foreclosing Auctions, Housing Properties, Condos Repos, Home Auction

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Broker/Agent Participation Registration

LENDER FORECLOSURE AUCTION
Click for Online Only Auction Broker Participation

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We invite real estate broker and agent participation. A one percent (1%) commission, based on the winning bid amount, will be paid to Brokers/Agents (i) who have duly registered as a “Registered Broker/Agent” on-line at www.Auction.com at least twenty-four (24) hours prior to the start of the Auction, (ii) who personally check in on auction day with their client, and (iii) whose client(s) successfully purchase the Property and close the transaction. THERE WILL BE NO BROKER/AGENT REGISTRATION PERMITTED ON THE DAY OF THE AUCTION.

To qualify for a commission and become a Registered Broker/Agent, you must:

1. Fully complete the Broker/Agent Participation Form on-line at www.Auction.com and bring a copy of it (printed from the website) to the Auction along with a copy of your valid real estate license. You are required to personally check in at the broker/agent registration desk prior to the start of the auction. Your client must accompany you to check in at the Broker/Agent check in table. If you are an Agent, you must also bring a letter, signed by your Broker on company letterhead, confirming your attendance at the auction with your client which sets forth commission payment information including broker license number, name and tax identification number. Prior to closing, you will be required to provide the escrow/closing agent with an IRS Form W-9;

2. Inspect each Property with your client;

3. Identify yourself, remain with your client, and execute all necessary documentation during the entire Auction and post-Auction process; and

4. Be present at the Auction with your client. You must sign in on each day of the auction and identify your client at that time. Registered Broker/Agent must accompany and remain with your client throughout the entire bidding and purchase process. Participating Brokers/Agents are required to sign the purchase documentation. Any Registered Broker/Agent who fails to sign the purchase documentation at the Auction shall not be entitled to any commission. Commissions will be paid upon closing. No commission will be paid to a Registered Broker or Agent acting as a principal in the purchase of any Property. THERE ARE NO EXCEPTIONS TO THE BROKER/AGENT PARTICIPATION RULES.

BELOW IS A SUBSTITUTE W-9 WHICH IS REQUIRED TO BE COMPLETED BY THE BROKER UNDER WHOM YOU ARE LICENSED AS SET FORTH IN THESE TERMS AND CONDITIONS. AS A REAL ESTATE LICENSEE, COMMISSIONS CAN ONLY BE PAID TO A LICENSED REAL ESTATE BROKER AND NOT DIRECTLY TO THE AGENT. PRIOR TO THE AUTHORIZATION OF PAYMENT OF ANY COMMISSION, A COMPLETED AND SIGNED SUBSTITUTE W-9 IS REQUIRED TO BE PROVIDED TO THE ESCROW/CLOSING AGENT. PLEASE DOWNLOAD THE SUBSTITUTE FORM W-9 BELOW AND BRING WITH YOU ON AUCTION DAY ALONG WITH THE LETTER FROM YOUR BROKER TO PROVIDE TO THE ESCROW/CLOSING AGENT IN THE EVENT YOUR CLIENT IS A SUCCESSFUL BIDDER. ALTHOUGH CORPORATIONS ARE EXEMPT (EXCEPT ATTORNEYS AND LAW FIRMS), A COMPLETED AND EXECUTED SUBSTITUTE W-9 IS STILL REQUIRED FOR OUR RECORDS. NO COMMISSIONS WILL BE PAID WITHOUT RECEIPT OF THIS COMPLETED FORM.

To Download the SUBSTITUTE W-9, please Click Here.

THERE WILL BE NO EXCEPTIONS TO THE ABOVE REGISTRATION PROCEDURE

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Please choose the auction event you would like to attend: *

Note: you may register for all events at once.

Broker's Licence Number: *

Client's First Name: *	Client's Last Name: *
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I have read, understood, acknowledge and agree to the Auction Terms and Conditions regarding the Broker/Agent Participation Program. I also understand this registration pertains ONLY to the auction for which I am registering as a Broker/Agent with my client and that I will have to re-register for any other auction or any future auctions.

Remember... you must bring a copy of this form with you to the AUCTION and your Broker’s completed W-9 form in order to ensure payment!

For Property or Auction Procedure Questions CALL 7 DAYS 8AM - 8PM 800-793-6107

For Financing or Pre-Qualifacation Information CALL 7 DAYS 9AM - 8PM 800-648-5799

Although information has been obtained form sources deemed reliable, the broker, the auctioneer, and/or their representatives make no guarentee as to the accuracy of the information contained herein and offer all properties without any expressed or implied warranty of any kind. No liability of errors or omissions is assumed. It is the responsibility of the buyer to independently verify all information provided herein before making purchase decisions.

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