COOPERATING BROKER AUCTION PARTICIPATION FORM
To Register a Buyer or Seller with Father Time Auctions of St. Louis, MO
Father Time® Auctions & Real Estate
Roland R. Bauer III, Managing Broker, GRI, AARE
2850 Lawndell Drive, St. Louis, MO 63144
314-962-4200 office - 314-962-2573 fax
For Property Address: _____________________________________________________________________
Auction Date: _______________________ Broker Registration Deadline: 48 Hours prior to last business day before auction
_______________________________________________________ (Broker’s Name) wishes to register
_______________________________________(Buyer) for property being offered in the auction indicated above.
The broker/agent shall be deemed to have earned a commission if all of the following conditions have been met:
1. Broker must be licensed in the State of which the auction property is located.
2. Broker/agent registers 48 hours prior to last business day before the auction by 5:00 p.m. in order to submit a bid.
3. Broker/agent shows the property to client prior to the auction and attends bidder seminars/open houses.
4. Broker/agent attends the auction with client and remains with the client until contracting is complete.
5. Broker/agent’s client is the high bidder, places required deposit and signs real estate sales contract.
6. Broker/agent is not acting as a principal in this transaction.
7. Broker agrees that he/she shall hold harmless and indemnify attorney’s fees, from any and all claims with regard to such commission(s).
Broker must attach a copy of these terms, executed by the Broker/Agent below, with each registration.
8. Broker/agent’s buyer client closes the transaction in full in all terms under the contract.
9. Broker/Agent states Agency Relationship to buyer in writing upon registration.
10. Broker/Agent agrees that he/she will not claim any exceptions to these foregoing procedures.
11. Broker/Agent waives all right to any commission(s)/referral fee(s), forfeited earnest money(s), if their client defaults for any and/all reason.
Provided the above listed conditions are met in full at closing the undersigned broker will collect a referral fee commission equal to 20.0 % of the total commissions//buyers premium received by Father Time® Auctions & Real Estate.
Client Name Broker’s Firm Name
Mailing Address Real Estate License Number
City, State, Zip Mailing Address
Phone City, State, Zip
Email Address Phone
Client Signature Email Address
Date Broker/Agent Signature
Agency Relationship to customer/client: ____________________ ___________________________________________