Common use of Creditor’s Auction Fee Clause in Contracts

Creditor’s Auction Fee. Auctioneer is acting exclusively as independent auctioneer engaged by Creditor in this transaction and is to be paid a fee by Creditor pursuant to a separate written agreement between Creditor and Auctioneer. Auctioneer is not acting as agent in this transaction for the buyer. There will be no buyer’s premium to be paid to Auctioneer. There shall be no real estate brokers involved or nor real estate brokerage commissions as part of any Auction except as expressly advertised. You and Auctioneer are independent contractors, and no agency, partnership, joint venture, employee-employer or franchiser-franchisee relationship is intended or created by this Agreement.