 | Broker Participation Form |
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NAI Global and Higgenbotham offer a broker participation program to licensed real estate agents that properly register and refer clients to the auction. Brokers may refer their client to the auction and receive 10% of the net commission received by Higgenbotham as compensation for their services. The broker may also earn an additional amount by getting their client to provide a written opening bid for the auction. The agent will receive 20% of the net commission received by Higgenbotham on the amount of the opening bid and 10% of the amount the client bids over and above the opening bid (if any).
| Example | |
| Written opening bid: | $750,000.00 |
| Additional amount bid at auction | +$250,000.00 |
| Total bid amount | $1,000,000.00 |
| 10% Buyers Premium: | $100,000.00 |
| Contract Purchase Price: | $ 1,100,000.00 |
| Buyers Broker Commission Calculation: | |
| 20% of net commission on opening bid: | $ 15,000.00 (20% of $75,000) |
| 10% of amount bid over opening bid: | +2,500.00 (10% of $25,000) |
| Buyers Broker Commission: | $ 17,500.00 |