Who pays the auctioneer fee?
A. The Auctioneer is paid via the buyer’s premium, which is added to the buyers final bid. There is no commission charged to the seller. The seller is only required to invest in the advertising and expenses of their Auction event. This way you can be sure you receive the maximum advertising exposure possible for your property. If all the advertising investment is not fully used, whatever is remaining will be refunded back to you at closing.
A. The Auctioneer is paid via the buyer’s premium, which is added to the buyer’s final bid. There is no commission charged to the seller. The seller is only required to invest in the advertising and expenses of their Auction event. This way you can be sure you receive the maximum advertising exposure possible for your property. If all the advertising investment is not fully used, whatever is remaining will be refunded back to you at closing.
