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REFERRAL / COMPENSATION AGREEMENT The below Real Estate Brokerage hereby wishes to register the below Bidder/Client as a potential Purchaser of the following property being auctioned by M. A. Smitty

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How to fill out online real estate auction

01

Find a reputable online real estate auction platform

02

Create an account on the platform

03

Browse available properties and identify the one you are interested in

04

Review property details, including photos, descriptions, and auction terms

05

Place a bid on the property within the specified auction timeframe

06

Monitor the auction to see if you are outbid or if you win the property

07

Complete the necessary paperwork and payment process to finalize the purchase

Who needs online real estate auction?

01

Real estate investors looking for a potential investment opportunity

02

Homebuyers searching for properties at potentially lower prices

03

Sellers who want to maximize exposure and reach a wider audience for their property

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What is online real estate auction?

An online real estate auction is a digital platform where properties are sold to the highest bidder over the internet. Participants can place bids remotely, allowing for broader participation compared to traditional auctions.

Who is required to file online real estate auction?

Typically, sellers who are listing their property for auction and real estate agents or auctioneers facilitating the auction process are required to file the necessary documentation for online real estate auctions.

How to fill out online real estate auction?

To fill out an online real estate auction, one must register on the auction platform, provide property details, set the auction terms, and submit any required documents, such as disclosures and ownership verification.

What is the purpose of online real estate auction?

The purpose of an online real estate auction is to provide a transparent, efficient, and competitive environment for buying and selling real estate, often leading to quicker sales and potentially higher prices for sellers.

What information must be reported on online real estate auction?

Information that must be reported includes property descriptions, auction dates, bidding terms, reserve prices (if applicable), and any disclosures or legal obligations related to the property.

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