Buyers Premium definition
Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive
Buyers Premium the sum calculated on the Hammer Price at the rates stated in the Notice to Bidders.
Buyers 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;
Examples of Buyers Premium in a sentence
If the Series Asset is purchased by Investors through use of the AShareX Platform, the Managing Member may receive a standard Buyer’s Premium and, if applicable, a standard Seller’s Commission from the seller, for selling the Series Asset to the associated Series.
More Definitions of Buyers Premium
Buyers Premium means the commission, as determined by Levis, payable by the Buyer to Levis on the hammer price.
Buyers 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.
Buyers 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
Buyers Premium. NO BUYER'S PREMIUM
Buyers Premium. If the Client is the successful Bidder, they must sign the applicable ▇▇▇▇▇▇▇ Money Contract. There will be a Buyer’s Premium equal to ten percent (10%) of the highest bid added to the highest bid to establish the actual Contract Price on the ▇▇▇▇▇▇▇ Money Contract. An ▇▇▇▇▇▇▇ Deposit as required in the Terms and Conditions and on the ▇▇▇▇▇▇▇ Money Contract shall be paid by Client, and deposited with the Title Company.
Buyers Premium. A 10% Buyer’s Premium will be added to the final high bid price to formulate the final sales price. For example: A $100,000 bid plus $10,000 buyer’s premium equals the $110,000 final Contract sales price.
Buyers 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.