Realtor Acknowledgement

Realtor Acknowledgement 





I expressly acknowledge and agree to the following Terms and Conditions:1. I have read, signed, and agree to be bound by, the Terms and Conditions of Participation for the Sale of Real Estate by Online Competitive Bidding via the XLR8 REALTY APP of the above Property;2. A commission or a "Buyer's Premium" will be charged "on" the sale price (Example: The winning bid is $100,000.00 the sold price is actually is $111,300.00 after HST on commission if the buyers premium is 10%). A disclosed brokerage commission will be paid to any properly licensed real estate agent/broker whose Buyer/Bidder is the successful purchaser for this property, and who actually closes and pays the total Contract Price and Closing Costs for this property. It is understood and agreed that the real estate agent's commission structure will be based on the stated terms and conditions of sale;3. Commission is contingent upon, and will ONLY be paid if Realtor Representation form is received by the auction company no later than 5 pm Eastern on the day before the auction, no exceptions and validated by phone or in-person;4. Real estate agent agrees that Real estate agent or brokerage will not claim any exceptions to the foregoing procedures;5. Broker agrees that if the commission is modified at any time due to negotiations, the commission to the broker shall be finalized and formalized with a completed form 320 confirmation of co-operation;6. Real estate agent agrees that real estate agent's commission will be due upon closing of the purchase by his Buyer/Bidder with all consideration paid in full;7. Registered real estate agent must accompany their buyer/bidder to a live sale. Online we encourage you to register for the sale also.8. Real estate agent shall not be entitled to said commission on account of any sale to an entity of which (or any affiliate of which) the real estate agent is a principal, employee, or affiliate, or immediate family member9. Real estate agent agrees that he/she shall hold harmless and indemnify The Seller, XLR8 Realty Group Inc, Brokerage, the Agent, or the XLR8 Realty Group Inc, the company, XLR8 Realty App, The offer bidding Platform, including its reasonable attorney’s fees, from any and all claims with regard to such commission;10. By checking this box, I acknowledge that I have read and understood the Broker Acknowledgment above and agree to the set Terms and Conditions and wish to represent this specific buyer for this specific property and vow to adhere to the REBBA and other codes of conduct expected by a registered member of CREA, RECO, the local board, and registered brokerage.