|
 Print This Form
|
| We invite real estate broker and agent participation. A one percent (1%) cooperating broker commission, (for select Properties, a cooperating broker commission greater than one percent (1%) may be available) 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 have been identified by their client on the bidder online registration profile, and (iii) whose client(s) successfully purchase the Property and close the transaction. Please see the website and Property details for specific cooperating broker commission amounts related to specific Properties. For Pre-Auction Event Sales, commissions will be paid in accordance with the property-specific listings. Please confirm such commission amount. THERE WILL BE NO BROKER/AGENT REGISTRATION PERMITTED ON THE DAY THE AUCTION BEGINS. THERE ARE NO EXCEPTIONS TO THE BROKER/AGENT PARTICIPATION RULES.
To qualify for and earn a commission and become a Registered Broker/Agent, you must:
Fully complete the Broker/Agent Participation Form on-line at www.auction.com and you must ensure that when your client registers, he or she includes your information as part of the registration identifying you as the broker/agent. You will be required to complete the necessary electronic signatures as part of the purchase transaction within the time frames required. You must provide a copy of your Broker Agent participation Form to the Escrow/Closing Agent prior to closing. You will be required to provide the Escrow/Closing Agent with an IRS Form W-9 or electronically complete an IRS Form W-9 in order to receive a commission. This W-9 must be completed by your Broker as payment can only be made through the Broker who holds your license. Inspect each Property with your client.
Identify yourself, remain with your client, and execute all necessary documentation during the entire Auction and post-Auction process. Be present at the Live Auction with your client. You must sign in on each day of the Auction and identify your client at that time. You must accompany and remain with your client throughout the entire bidding and purchase process at the Live Auction, and
Participating Brokers/Agents will be required to sign the purchase documentation by electronic means, along with their client, within 24 hours of the client receiving the emailed documentation signing link. Any Registered Broker/Agent who fails to sign the purchase documentation within the time prescribed shall not be entitled to any commission. Commissions will be earned and paid upon closing.
NO commission will be paid to a Registered Broker/Agent (a) acting as a principal in the purchase of any Property, (b) acting as the broker/agent on behalf of an entity (including any corporation, partnership, limited liability company, or trust) in which the broker/agent has an interest, (c) acting as the broker/agent on behalf of an immediate family member (defined as a spouse, parent, sibling, or child including in-law relationships).
Ensure your client(s) identify you as their Broker/Agent in their registration.
THERE ARE NO EXCEPTIONS TO THE REGISTRATION PROCEDURE OR THESE RULES. PARTICIPATING BROKERS/AGENTS WILL BE REQUIRED TO EXECUTE AN ACKNOWLEDGEMENT ON AUCTION DAY SETTING FORTH THE COOPERATING BROKER COMMISSION TO BE PAID. ALL COMMISSION PAYMENTS WILL ONLY BE MADE TO YOUR BROKER. THIS IS NOT A REFERRAL FEE SO YOU MUST BE LICENSED IN THE STATE IN WHICH THE PROPERTY LIES IN ORDER TO RECEIVE A COOPERATING BROKER COMMISSION.
|
|
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 |
| |
Edit My Personal Info |
| Brokerage Name: * |
|
| Agent's First Name: * |
|
| Agent's Middle Name: |
|
| Agent's Last Name: * |
|
| Agent's License Number: * |
|
| Country:* |
|
| Brokerage Address: * |
|
| Brokerage City: * |
|
| Brokerage State / Province: |
|
| Brokerage Zip/Postal Code: * |
|
| Office: * |
|
|
| Cell: * |
|
|
| Fax: |
|
| Email Address: * |
|
| Please Choose the Auction Event You are Interested in: * |
|
|
| |
Note: You may register for multiple venues in an event at once. |
|
| Broker's License Number: * |
|
|
|
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 Mon-Fri 6AM-6PM PST Sat-Sun 6AM-3PM PST 800-793-6107
|
|
For Financing or Pre-Qualifacation Information
Call Mon-Fri 6AM-6PM PST Sat-Sun 6AM-3PM PST 800-648-5799
|
| *
I have read, agreed to and accepted the above terms regarding the Broker Participation Program. I represent that I am the Broker/Agent for the client(s) set forth below, that I am duly licensed as a real estate licensee in the state in which the property is located and that my license is current and active. I further understand that my registration pertains only to the auction event and client(s) identified in this registration and that I must re-register for other clients or other events. |
| |
|
|
Auction.com is providing the information on this website for general guidance and informational purposes only. Any information provided by or on behalf of the Sellers with respect to the Properties, including without limitation, any information in Disclosures and/or the Brochure and/or auction day notes was obtained from a variety of sources and neither the Auctioneer, the Sellers or Seller's Broker(s) have made any independent investigation or verification of such information and make no representations as to the accuracy or completeness of such information. The information on this site does not constitute and should not be construed as the providing of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this website is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. The information is provided "as is" with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
Or visit us ONLINE at www.auction.com
|
|
