Broker Acknowledgement Form

/Broker Acknowledgement Form
Broker Acknowledgement Form 2017-09-29T09:51:00+00:00

(Required ONLY if a potential purchaser is to be represented in this transaction by a broker or agent.  Form MUST be filed with auctioneer prior to buyer having contact with auctioneer, viewing property or registering to bid.)

  • ALL LINES MUST BE COMPLETED TO COMPLETE REGISTRATION
  • Individual Agent/Broker may only represent one Prospective Buyer for any one property. ACCEPTED:
  • This shall serve as written notice to register the above-referenced Prospective Buyer with Gryphon Auction Group with respect to the above-referenced property to be sold at Public Auction on the above-referenced date. It is understood and agreed that the Broker commission will be governed in accordance with the Terms and Conditions of Sale as set forth in the information package. A 2% commission of the high bid price will be paid to the registered broker named herein if all of the following conditions are met: a) this Broker Acknowledgment Form is properly completed and submitted prior to any communication by Auctioneer with Prospective Buyer and before Prospective Buyer registers to bid b) the Broker attends all inspection periods (if any) with the Prospective Buyer c) the Broker attends the Auction with the Prospective Buyer (if live) d) the Prospective Buyer named herein is the highest bidder at the Auction Sale e) the Prospective Buyer named herein as the highest bidder at the Auction Sale executes a Memorandum of Sale f) the Prospective buyer closes on the sale of the subject property in accordance with the terms of the aforesaid Memorandum of Sale. Agents/Brokers acting as principals or employees, affiliates or immediate family members are not eligible for this commission. In order to be effective, all Broker Acknowledgment Forms must be received by Gryphon Auction Group before client begins bidding..