Pre-Auction Sample Clauses

Pre-Auction. If the Broker submits an offer for the Property that is accepted by Seller prior to the auction date and successfully closes, Broker shall receive Three percent (3%) of the Bid Amount. All pre-auction offers are to be presented on the sales contract form provided by MRA.
Sample 1
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Pre-Auction. If the Broker submits an offer for the Property that is accepted by Seller prior to the auction date and successfully closes, Broker shall receive Three percent (3%) of the Bid Amount. All pre-auction offers must be presented on the sales contract form provided by MRA; no other sales contract form may be used. Auction Day or later. If the Buyer of the Broker is the high bidder for the Property listed herein, executes the Sales Contract, such bid is accepted by Seller and there is a successful closing, Broker shall receive Two percent (2%) of the Bid Amount. Xxxxxx agrees that if the commission is reduced due to negotiations between buyer and seller the commission to the broker shall be 20% of total commission that MRA receives. The Broker understands that to qualify for this commission, this registration form must be received by MRA not later than 24 hours prior to the advertised date and time of the Auction. Xxxxxx agrees that Xxxxxx will not claim any exceptions to the foregoing procedures. The Broker must attend the Auction with the Buyer. Xxxxxx understands that he/she may only represent one (1) Buyer per property. Broker shall not be entitled to said commission on account of any sale to an entity of which (or any affiliate of which) the Broker is a principal, employee, or affiliate, or immediate family member. The Buyer must fully complete and execute a Bidder Registration Card on the Auction date prior to commencement of the Auction. SOLD AS IS: Property is being sold AS-IS. Your Buyer must complete any inspections of the property prior to the commencement of the Auction and agrees to purchase the Property in its current condition.
Sample 1

Related to Pre-Auction

  • POST PUBLIC AUCTION 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum of Sale and pay the difference between 10% of the purchase price and the deposit paid under clause 3.5 above (“differential sum”) at the office of the Auctioneer within same day from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.5 above and the differential sum paid under this clause (If any) to the Assignee Bank.

  • THE AUCTIONEER 2.1 The auctioneer having conduct of the auction sale of the Property shall be as named in the Proclamation of Sale and/or an Auctioneer so appointed/engaged by the Auctioneer or the Auctioneer’s firm (`the Auctioneer’).

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.

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