Common use of Auction Fee Clause in Contracts

Auction Fee. The Seller agrees to pay ▇▇▇ ▇▇▇▇/ ▇▇▇▇▇▇ Auction a real estate commission/auction fee equal to 5% of the total sales price of the property achieved on sale day. This commission is payable at closing.

Appears in 2 contracts

Sources: Commercial Real Estate Purchase Contract, Commercial Real Estate Purchase Contract