Buyer’s Premium definition

Buyer’s Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

Buyer’s Premium means a percentage of the Hammer Price (specified in the Sale Specific Terms) which is added to the Hammer Price to make up the Purchase Price;

Buyer’s Premium the sum calculated on the Hammer Price at the rates stated in the Notice to Bidders.

Examples of Buyer’s Premium in a sentence

• Provider is solely responsible for collecting Buyer’s Premiums from bidders and the GLO shall not participate in or assist Provider in collecting any Buyer’s Premium.

• Real estate transfer tax shall be calculated on the total Purchase Price (i.e., the Hammer Price plus the Buyer’s Premium).

• As its sole compensation for the services provided hereunder, Provider will require the winning bidder of each auction or sealed bid conducted pursuant to this Contract to pay Provider the Buyer’s Premium specified in the Solicitation Response.

• Example:$ 750,000 (Bid) +$75,000 (10% Buyer’s Premium )=$ 825,000 (.Purchase Price)+$ 595.00 (Fess/Other Costs, if applicable) = $825,595 (Gross Purchase Price) - 10% Deposit required @ $82,559.50 • Payment of the balance due on the real property shall take place within thirty (30) days from the execution of the Memorandum of Sale.

• Additionally, there are no sales taxes in the State of NH, and No Buyer’s Premium is charged.

More Definitions of Buyer’s Premium

Buyer’s Premium means the premium payable by the buyer of a lot to Strauss & Co on the sale of that lot, calculated on the hammer price of that lot at the relevant current rates;

Buyer’s Premium means the premium charged to the Purchaser on purchase of Lots; “Conditions” means the standard terms and Conditions of business set out in this document;

Buyer’s Premium means the commission, as determined by Levis, payable by the Buyer to Levis on the hammer price.

Buyer’s Premium means a form of selling commission, generally a percentage of the Hammer Price, based on a graduated scale set by each Auction House, and paid by the buyer of the Artwork.

Buyer’s Premium. A Buyer's premium of five percent (5%) will be added to the high bid to determine the final contract price to be paid by the buyer. The Auctioneer represents the seller and the auction fee in no way implies an agency relationship between the Auctioneer and Buyer. There may or may not be an additional amount charged to the seller negotiated at time of listing. Initials Financing: Financing is NOT a contingency of any sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction. If Buyer cannot obtain financing on the property because he/she cannot fulfill terms or does not qualify, then Buyer must either close for cash within the contractual period or forfeit his/her Xxxxxxx Money Deposit. Initials Property Inspection: Prior to bidding, the Buyer agrees to physically inspect the property, and to rely exclusively upon this inspection to determine the property’s physical condition, to guide the buyer’s bidding. If Xxxxx has not inspected the property, he forfeits his right to do so and contract is binding. Prospective bidders and/or their representatives assume all expenses, risks, and responsibilities associated with the inspection of the property. Properties will be open for inspection at the date and time as specified on that property's information page or by special appointment when applicable. Neither the Seller nor Prime Time Auctions, Inc. or their brokers, representatives or agents make any representations or warranties, oral or written, expressed or implied, with respect to the condition of the property. Initials Other Disclosures: I have been provided with an agency, lead, mold and property disclosure documents for my review prior to bidding for my review and I understand I will be required to sign the same if I am the high bidder. Initials Location of Property you are registering for: Bidder: First and Last Name: Street: City: Zip: Home Phone: Cell Phone: E-Mail: Xxxxxx understands this is a Legal Binding Contract and by completing this form, agrees to the above:

Buyer’s Premium means the premium payable by the buyer of a lot to Strauss & Co calculated on the hammer price of such lot, at the relevant current rates, together with VAT thereon (if any);

Buyer’s Premium is an amount with respect to each parcel of Real Property Struck Off at the Auction, calculated as a percentage of the Hammer Price, that is payable by the Buyer to Auctioneer for Auctioneer's own account.