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Please find below our Broker Registration Form for real estate auctions.
To ensure your co-op commission, registration forms must be submitted before the client makes a bid. The advertised commission is expressed as a percentage of the Hammer Price (the high bid), not the final purchase price, and assumes no contribution to the seller is necessary. If a contribution is required, broker compensation will be affected because the relevant figure then becomes the collected Buyer's Premium. Sample calculations are found at the bottom of this page.
If you have any questions, please ask them before a bid is placed.
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Advertised Broker Co-Op
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% of Collected Buyer's Premium
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| 2% |
20% |
| 2.5% |
25% |
| 3% |
30% |
| 3.5% |
35% |
| 4% |
40% |
Sample broker co-op calculations:
Scenario #1 (no contribution to the seller)
Buyer's Premium: 10%
Advertised Broker co-op: 2.5%
Hammer Price: $300,000 (high bid exceeds seller's Reserve, no contribution necessary)
Final Purchase Price: $330,000
2.5% x $300,000 = $7,500 broker co-op
Scenario #2 (contribution to the seller)
Buyer's Premium: 10%
Advertised Broker co-op: 2.5%
High bid: $300,000 (bid fails to exceed seller's Reserve)
TRAC contributes $5,000 of $30,000 to the seller to make the sale -- this affects the Collected Buyer's Premium
Collected Buyer's Premium: $25,000
Final Purchase Price: $330,000
25% x $25,000 = $6,250 broker co-op
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