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1250 S. Australian Ave. Suite 1201 West Palm Beach, FL 33401Phone: 18002406084PARTICIPATING BROKER REGISTRATIONPROPERTY INFORMATION: Street Address9531 SEAGRAM DR UNIT 406Municipality, State, Zip

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What is buyers premium agreement auction?

A buyers premium agreement auction is a contractual agreement in which buyers agree to pay a premium on top of the final sale price at auction, typically as a percentage of the sale price, which is used to compensate the auction house or facilitator.

Who is required to file buyers premium agreement auction?

Typically, auction houses and sellers are required to file the buyers premium agreement auction to document the terms and conditions under which the buyers will pay the premium.

How to fill out buyers premium agreement auction?

To fill out a buyers premium agreement auction, one should include details such as the names of the parties involved, auction details, percentage of buyers premium, payment terms, and any other relevant conditions.

What is the purpose of buyers premium agreement auction?

The purpose of a buyers premium agreement auction is to clearly outline the additional fees buyers must pay, ensuring transparency and understanding between the auction house and the bidders.

What information must be reported on buyers premium agreement auction?

The information that must be reported typically includes the auction date, item description, buyers premium percentage, total sale price, and any special conditions applicable to the sale.

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