Common use of BUYER’S PREMIUM Clause in Contracts

BUYER’S PREMIUM. Xxxxx is responsible for paying a Buyer’s Premium to Auctioneer, for Auctioneer’s own account, in an amount equal to Ten percent ( 10 %) of the High Bid Price (the “Buyer’s Premium”). The Buyer’s Premium is earned at the Fall of the Hammer and is non-refundable. Auctioneer may immediately retain the Buyer’s Premium, and there is no requirement that the Buyer’s Premium be held in Escrow.

Appears in 5 contracts

Samples: Realty Purchase and Sale Agreement, Realty Purchase and Sale Agreement, Realty Purchase and Sale Agreement

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BUYER’S PREMIUM. Xxxxx is responsible for paying a Buyer’s Premium to Auctioneer, for Auctioneer’s own account, in an amount equal to Ten percent ( 10 %) of the High Bid Price (the “Buyer’s Premium”). The Buyer’s Premium is earned at the Fall of the Hammer Ham mer and is non-refundable. Auctioneer may immediately retain the Buyer’s Premium, and there is no requirement that the Buyer’s Premium be held in Escrow.

Appears in 2 contracts

Samples: Realty Purchase and Sale Agreement, Realty Purchase and Sale Agreement

BUYER’S PREMIUM. Xxxxx is responsible for paying a Buyer’s Premium to Auctioneer, for Auctioneer’s own account, in an amount equal to Ten percent ( 10 %) of the High Bid Price (the “Buyer’s Premium”). The Buyer’s Premium is earned at the Fall of the Hammer and is non-refundable. Auctioneer may immediately retain the Buyer’s Premium, and there is no requirement that the Buyer’s Premium be held in Escrow.

Appears in 1 contract

Samples: Realty Purchase and Sale Agreement

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BUYER’S PREMIUM. Xxxxx is responsible for paying a Buyer’s Premium to Auctioneer, for Auctioneer’s own account, in an amount equal to Ten percent ( (10 %) of the High Bid Price (the “Buyer’s Premium”). The Buyer’s Premium is earned at the Fall of the Hammer and is non-refundable. Auctioneer may immediately retain the Buyer’s Premium, and there is no requirement that the Buyer’s Premium be held in Escrow.

Appears in 1 contract

Samples: Realty Purchase and Sale Agreement

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