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      CHIP CARPENTER REAL ESTATE AND AUCTION CO.
             2295 Creek Rd. Sunbury, Ohio 43074   ph.740-965-1208 fax740-965-1210 

                                   
                                       AUCTION COMMISSION PARTICIPATION

***FOR LICENSED REAL ESTATE AGENTS ONLY*** 

1.       The licensee must be actively licensed in the state in which the auction takes place. No commission will be shared with a non-licensed individual or firm.

2.       The participating licensee must register his/her prospective bidder, on this approved form prior to the prospective bidder’s inspecting the property or making contact concerning the auction through Chip Carpenter Real Estate and Auction Co.

3.       The participating licensee must attend all viewings of property and the Auction with the prospective bidder and follow through to closing, to share a commission.

4.       The participating licensee must register the prospective bidder at least 48 hours prior to the auction.

5.       No commission will be paid to any participating licensee acting as a principal and buying the property for his/her own benefit.

6.       The participating licensee acknowledges receipt of this agreement and of Auction Bidder Package.

7.       This agreement must include a signed Agency Disclosure Form showing participating licensee as a buyer-broker. No Sub-Agency Disclosure Forms will be accepted.

8.       Chip Carpenter Real Estate and Auction Co. agrees to pay a 2% co-op fee to participating Real Estate Brokerage if all terms of this agreement are met. 

Property Identification:_____________________________________________________ 

Auction Date:____________________________________________________________ 

____________________________         ____________________________
Prospective Bidder (print)                     Prospective Bidder   (signature) 


____________________________          __________________________
Participating Licensee     (print)             Participating Licensee   (signature)

Real Estate Company:______________________________________________________ 

Telephone:____________________    Fax: __________________________

 This agreement accepted by Chip Carpenter Real Estate and Auction Co. this _________  Day of _________________________, 2006.