Terms & Conditions

Step 1 of 3 - Co-Brokerage Terms

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Auction Co-Brokerage Agreement Terms for:
Block 45/Lot 2 & Block 45/Lots 3 & 24, Harmony Township, New Jersey
Comission:
All commissions are subject to the Terms & Coniditions listed below.
Flat fee commission in the amount of $2,000 is being offered for Block 45/Lot 2, Harmony Twp.
Flat fee commission in the amount of $2,000 is being offered for Block 45/Lots 3 & 24, Harmony Twp.
Maximum commission of $4,000 is offered to a buyer's broker.

Listing Broker:
Fiedler Realty, LLC d.b.a. Fiedler Real Estate and Fiedler AM
Jeffery J. Fiedler, Broker of Record

227 Main Street
Hackettstown, NJ
07840

908.852.2586 O
908.852.2587 F
auction@frebac.com
frebac.com
Acceptance of Terms & Conditions*
- Yes, I have read, understand and agree to the Co-Brokerage terms & conditions as described. I wish to proceed with the registration process.

Buyer's Broker Terms & Conditions:

Fiedler Real Estate will share a portion of its commission with a licensed broker whose qualified buyer pays in full and settles on the purchase of the property offered at auction. To qualify for compensation, the real estate broker must be a qualified and duly licensed, New Jersey Broker and strictly adhere to the following guidelines:
1. Accompany the buyer to a minimum of one showing prior to the date of the auction. The buyer’s broker must sign-in with the buyer at all showings to qualify
2. No less than 48 hours prior to start of the auction complete the online registration at frebac.com.
3. Complete the co-brokerage agreement provided during the online registration. The form MUST be signed and dated by the prospect and the buyer’s broker. Once complete, the form must be faxed to 908-852-2587 or emailed to auction@frebac.com
4. After the co-brokerage agreement is deemed qualified by Fiedler Real Estate, a fully executed copy signed by the broker-of-record will be returned to the buyer’s broker acknowledging acceptance of compensation.
5. A real estate commission will only be paid to a buyer’s broker representing a non-related buyer. No commission will be paid to any broker participating in the purchase of the property as a principal/owner of any kind or if they are an immediate family member of the buyer’s broker.
6. Commission to a cooperating real estate broker will only be paid upon receipt of full commission to Fiedler Real Estate. If for any reason Fiedler Real Estate fails to receive its full commission, the cooperating broker will receive a reduced commission commensurate with the reduction.
7. No commission will be paid to any broker unless all requirements described above are satisfied
Acceptance of Terms & Conditions*
- Yes, I have read, understand and agree to the Buyer's Broker terms & conditions as described. I wish to proceed with the registration process.

Buyer’s Terms & Conditions:
1. THE PROPERTY IS SOLD “AS IS”. All information regarding the property for sale is from sources deemed reliable but no warranty or representation is made by Fiedler Realty, LLC or its associates. Buyer’s must rely on their own independent inspection and evaluation of the property and related documents and assume all risks associated with the purchase. The buyer is responsible for obtaining all necessary approvals including, but not limited to, a certificate of continued occupancy, a certificate of occupancy, and all other necessary approvals and certificates prior to occupancy.
2. NO ATTORNEY REVIEW. The auction purchase agreement was prepared by the seller’s attorney and should be reviewed by the buyer’s attorney prior to attending the auction. The purchase agreement is binding upon its signing.
3. To receive a bid package, buyer’s agent must register online at frebac.com
4. To bid, interested parties must preregister the day of auction inclusive of a $10,000 Cashier’s Check payable to Fiedler Realty Trust Account.
5. A Six (6%) percent buyer’s premium will be added to the high bid price and included in the final contract price.
6. The High Bidder must sign an auction purchase agreement immediately after their successful winning bid and provide a personal check for balance of 10% of contract price.
7. Closing within 45 days of the Live Auction. Balance of contract price paid by certified.
8. Financing is available to qualified buyers; however, the auction purchase agreement is not subject to the buyer obtaining a mortgage.
9. Sale subject to seller approval.
10. The Auctioneer may alter the terms and conditions of the sale through announcement prior to starting of the auction.
Acceptance of Terms & Conditions*
- Yes, I have read, understand and agree to the Buyer's terms & conditions as described. I wish to proceed with the registration process.
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