BIDDER ( BUYER ) / BROKER REGISTRATION AGREEMENT


PROPERTIES2AUCTION.COM, OR ITS AFFILIATE BROKER, (HEREINAFTER REFERRED TO AS AUCTIONEER), AND BUYERS BROKER OR SALES ASSOCIATE (HEREINAFTER REFERRED TO AS THE AGENT) DO AGREE:


1. To properly register a buyer, the agent must complete the above bidder registration agreement and abide by all the terms listed below. No commission will be paid to the Agent unless all the terms are met, even if the Agent's prospect purchases the property.

2. If the property is bid and sold at auction to the properly registered buyer as designated above and the Agent is a properly licensed real estate broker, the auctioneer will pay a total compensation equal to two percent (2%) of the contract price as a referral commission due and payable upon closing of title and payment in full.

3. In case of default by the buyer, no commissions will have been earned nor due to the Agent.

4. Auctioneer will not approve registrations from an Agent whose prospect has previously contacted or been contacted by Auctioneer, the owners and/or their representatives.

5. The Agent MUST complete and return this Agreement to the Auctioneer 24 hrs. prior to the close of the auction. No oral registrations will be accepted.

6. The Agent MUST accompany their prospect on all inspections and help prospect to conduct all due diligence prior to auction.

7. The Agent MUST accompany and help the registered buyer at the auction.

8. The Agent MUST complete an Agency Disclosure and help their prospect with the signing of the Purchase and Sale Contract.

9. No commissions will be paid if the Agent is purchasing the property on their own behalf. The signed statement below is required, verifying that the Agent is serving only as a Broker and not as Principal.

10. There will be no exceptions to these procedures.

The Agent and Prospect jointly and severally agree to defend, indemnify and hold harmless, Seller and Auctioneer from and against any and allliabilities, losses, damages, costs and expenses (including reasonable attorney's fees) suffered or incurred by any of them in connection with or arising out of any one or more claims of any broker's representatives, agents and/or others who or which claim to have acted by and through, or based on or arising out of a relationship or arrangement with Prospect or the Agent in connection with any sale of the Property. The Agent and Prospect further acknowledge that Auctioneer shall have no liability or obligation whatsoever regarding any entitlement to or payment of any Agent's commission payable or claimed to be payable in connection with the Property, whether by reasons of any Seller refusal or failure to pay same or otherwise, and whether in connection with the Auction or otherwise. The Agent and Prospect acknowledge and agree that the terms and conditions of the Auction Purchase and Sale Contract shall prevail in the matter of any and all disputes.



_____________________________________ Signature __________________ Date