Common use of Pre-Auction Sales Clause in Contracts

Pre-Auction Sales. As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre−auction sales. Pre−auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required xxxxxxx deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre−auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre−auction offers must allow a minimum of 24 hours for seller’s acceptance. A Broker Fee of (2%) is offered to a cooperating VA State Licensed Real Estate Broker on any pre−auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

Appears in 2 contracts

Samples: Online Auction Bidders Agreement, Online Auction Bidders Agreement

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Pre-Auction Sales. As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre−auction pre-auction sales. Pre−auction Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required xxxxxxx deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre−auction pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre−auction pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Broker Brokerage Fee of (2%) is offered to a cooperating VA State Licensed Real Estate Broker Broker/Agent on any pre−auction pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

Appears in 1 contract

Samples: Auction Bidders Agreement

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Pre-Auction Sales. As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre−auction pre-auction sales. Pre−auction Pre-auction offers must meet all of off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required xxxxxxx deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre−auction pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre−auction pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Broker Referral Fee of 2% (2%of High Bid Price) is offered to a cooperating VA State Licensed Real Estate Broker or Salesperson on any pre−auction pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

Appears in 1 contract

Samples: Online Auction Bidders Agreement

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