bUYER bROKER pROGRAM
Lippard Auctioneers, Inc. innovative Buyer Broker Program, brokers are able to earn substantial commissions by representing buyers at auction. A commission will be paid to any properly licensed buyer’s broker who registers a successful buyer according to the Broker Participation Guidelines. The compensation of licensed real estate brokers is based on the amount of the written opening bid they secure from their potential buyer. Broker registration forms are available from the Auction Information Center and must be completed and returned no later than 48 hours prior to the auction.
Should their client be the successful purchaser, they will be paid a percentage of the written opening bid amount submitted 48 hours before the auction, and a percentage of the difference between their clients’ opening bid and the final high bid price. Thus, the broker can earn maximum commission only through the submission of a high opening bid. The higher an opening bid, the more commission the broker can earn. In order for a commission to be paid, the client must close on the property(s) and must pay the total contract price for the property(s).
This program has produced excellent opening offers for our sales and has also aided us in conveying many properties before the auction for outstanding prices. Many of our events included broker participation.
For additional information, please contact Lippard Auctioneers.