Goodrich Auction Company
421 Lincoln Way West, Mishawaka, Indiana 46544
FAX: 574-235-3399  *  Office: 574-255-2556
Email: davidwgoodrich@cs.com   Website: www.auction-info.com


BROKER PARTICIPATION FORM

       Let it hereby be known this _______ day of ________________, 20_____ that 

       ________________________________________________________ (referred to as

       Salesperson-Broker) is an agent with _________________________________ (referred to as 

       Broker/Company), representing  _____________________________________________ as

      Client/Purchaser in the purchase of property located at: ___________________________

       _____________________________________________________, referred to as subject
    
       property.  

SALESPERSON/BROKER REQUIREMENTS: Please type or print legibly when completing form, if not readable will be considered void! In order to qualify for a commission, a Salesperson/Broker must comply, adhere to, and agree to the following:

     1) Goodrich Auction Company must receive at home office the Client/Purchaser name, address, signature and phone on this Participation Form no later than 5:00 P.M. one day prior to auction date.

     2) On the day of Auction, the Salesperson/Broker must register their Client/Purchaser and be present with the Client/Purchaser throughout the Auction. In the event, the Client/Purchaser is a successful buyer of the subject property, the above mentioned Salesperson/Broker must attend closing.

     3) If the above named Client/Purchaser has called our office about this specific property prior to notification from the above Salesperson/Broker; or the Client/Purchaser is on the Goodrich Auction Company mailing list prior to notification; then, the Salesperson/Broker would not qualify for a commission.

     4) In the event an "Open House" was conducted on the subject property and the Client/Purchaser’s were present at the "Open House", the above licensed Broker/Salesperson MUST have been present with their Client/Purchaser at said "Open House" to be eligible for a commission from the sale of the subject property. In the event the subject property did or did not have an "Open House", the above licensed Salesperson/Broker must have personally shown the subject property to the Client/Purchaser’s.

     5) The aforementioned licensed Broker/Company must be a reciprocating Broker/Company. A fee or commission will not be paid directly to a person with only a Real Estate Salesperson License, only to their sponsoring Broker/Company.

     6) If Client/Purchaser is the successful bidder of said property stated  herein and the above licensed Salesperson/Broker meets all of the    requirements, as commission, a total of _______Percent of the gross sale price of the property or $__________  minimum will be paid to the above licensed Broker/Company. NOTE: Agent cannot represent themselves to collect commission on buyers side unless otherwise disclosed.

     7) There will be only one commission paid to a Salesperson/Broker. If a Client/Purchaser is represented by more than one Salesperson/Broker, the first Salesperson/Broker participation form received in the office of Goodrich Auction Company will be the only participation form considered.

     8) MLS protect period is only valid with the Top Bidder on day of auction. (If applicable.)

     9) There will be no exceptions to any of the above terms or conditions.

SIGNED:

_____________________________           ___________________________________
Salesperson/Broker                                                Broker/Company

_____________________________           ___________________________________
Client/Purchaser                                                     Client/Purchaser

_____________________________            ___________________________________
Client/Purchaser Address                                    Client/Purchaser Phone

 

State of ________, County of ____________________, Subscribed and sworn to before me, a Notary Public, This ____ Day of _______________ 20_____. My Commission Expires: _________________. Notary Public: ___________________________.