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This document outlines the requirements and procedures for Licensed Real Estate Brokers in Tennessee to participate in an online auction facilitated by JD’s Realty & Auction LLC. It details the commission structure, registration process, and responsibilities of Brokers/Agents and their Principals, along with necessary acknowledgments and certifications regarding property sales.

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What is broker online auction participation?

Broker online auction participation refers to the involvement of brokers in online auctions, enabling them to bid on behalf of clients or manage auction listings through digital platforms.

Who is required to file broker online auction participation?

Brokers who engage in online auctions on behalf of clients or facilitate auction processes must file broker online auction participation.

How to fill out broker online auction participation?

To fill out broker online auction participation, brokers need to provide detailed information about the auction, client details, and compliance with regulations on the designated forms provided by the regulatory authority.

What is the purpose of broker online auction participation?

The purpose of broker online auction participation is to ensure transparency, compliance with regulatory standards, and proper representation of clients in online auction activities.

What information must be reported on broker online auction participation?

Information that must be reported includes broker and client identification details, auction specifics, bids placed, and any commissions or fees associated with the transaction.

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