Highest Bid definition
Examples of Highest Bid in a sentence
In consideration of the referral of Client, the Receiving Brokerage agrees to pay the Referring Brokerage at closing a fixed sum of $_---------- or 1 % of the compensation paid to the Receiving Brokerage as a percentage of the Highest Bid Price, a flat fee, or combination thereof (i.e., real estate commission) and less any percentage of any Buyer’s Premium that may be charged.
In consideration of the referral of Client, the Receiving Brokerage agrees to pay the Referring Brokerage at closing a fixed sum of $_---------- or 2 % of the compensation paid to the Receiving Brokerage as a percentage of the Highest Bid Price, a flat fee, or combination thereof (i.e., real estate commission) and less any percentage of any Buyer’s Premium that may be charged.
Any person who fails to consummate a purchase after submitting the Highest Bid may be barred from participating in future sales or bidding on our sites.
As a Buyer, you are obligated to complete the transaction if you submit the Highest Bid.
Upon the close of an Auction, the Highest Bid is submitted to the Seller for consideration and approval.
Winning Bid - With respect to each Property offered at Auction, refers to the final, Highest Bid that has been accepted by the Seller.
Servicer shall sell the interests in the Transferred Assets on the Final Scheduled Payment Date for the applicable Series to the bidder with the Highest Bid and shall deposit the proceeds of such sale in the Master Collection Account for allocation (together with the Available Final Distribution Amount for such Series) to the Certificateholders of such Series.
Thus, even if you secure the Highest Bid at the Auction, you may not be designated as the Winning Bidder.
The high bid(s) will consist of each bid that is part of the Highest Bid Completion when the auctioneer announces the close of bidding.
Highest Bid -With respect to each Property offered at Auction, refers to the final, highest bid that is received and acknowledged by the Auctioneer and submitted to Seller for review, consideration and acceptance.