Who pays the auctioneers fee?
On real estate, the auctioneer can be paid via the “buyers premium” that the buyer pays and is added to the buyer’s final bid. If you elect to register your property with our auction program, you will be required to sign the Auction Marketing Listing Agreement which provides that on a pre-or post-auction sale, an offer includes this fee. If the seller accepts the offer, the seller will pay the auctioneer’s fee at settlement. Auctioneers can also be paid by seller at an agreed upon percent of the auctions gross sales.
