BUYER BROKER PARTICIPATION TERMS

A commission equal to 20% of our net commissions will be paid to the licensed real estate

broker/agent who meets the terms below and whose registered buyer pays for and closes on the subject property.

TO QUALIFY, BUYER BROKER/AGENT MUST:

Register prospective Buyer(s) for a specific property, prior to any inspection of the property by the buyer and no less than 72hrs prior to the auction.

Broker must complete the “Broker Participation Acknowledgement Form”, sign the Buyer Broker Participation Terms and submit it to Seller or Pierce Auction Service and Real Estate, Inc. by hand or by fax at 1.336.764-2099, Or call 336.813-3333

 1. Submit Broker Participation Acknowledgement Form and Buyer Broker Participation

2.  Terms no less than 72 hours prior to the auction and prior to any showing.

3.  Accompany and sign in with your client at any inspection of the property.

4.  Broker Participation Acknowledgement Form must be signed by both the prospective buyer and the broker.

5.  Attend the auction with the prospect.

*No broker/agent will be recognized on a prospect who has previously contacted  Seller or Pierce Auction Service and Real Estate, Inc., or has been previously  contacted by Seller or Pierce Auction Service and Real Estate, Inc.

 No commission will be paid to any broker acting as a principal in the purchase of The property. An affidavit stating that neither broker, nor any of his/her employees or agents, nor any member of his/her immediate family or employees or agents  mmediate family, is a principal, will be required. Commissions will be paid by  Pierce Auction Service and Real Estate, Inc only upon closing. A complete registration file on all prospects will be maintained. All registrations accepted

by Pierce Auction Service and Real Estate, Inc.. will be acknowledged via fax or phone and in writing at the auction.

There can be NO EXCEPTIONS to this procedure and no oral registrations will be accepted.

I have read, understand, and agree to the terms set forth above.

Agent Signature____________________________________________ Date:_____________

BROKER PARTICIPATION ACKNOWLEDGEMENT FORM

DATE: _______________________

Remit to:

Pierce Auction Service and Real Estate, Inc., 274 Brookwood Drive,  Winston-Salem, NC 27127-9121

Attn:  Keith J. Pierce, Auctioneer, Broker - FAX:  1.336.764-2099, Or call 336.813-3333

 AUCTION DATE: JUNE 4^th, 2012,  AUCTION

ADDRESS 185 YOUNTZ ROAD, LEXINGTON, NC 27292

 BUYER NAME: ________________________________________

BUYER ADDRESS: _____________________________________

______________________________________________________

BUYER PHONE #:____________________________________

AGENT PHONE #:_______________________________________

It is understood and agreed that the Broker commission structure will be based on the stated Terms and Conditions of sale of the above referenced auction and that said commission will be based on the successful high bid (the Hammer Price)* on The property. Commission is to be paid only to the licensed Real Estate Broker named herein upon closing, where permitted by law, if the above named "Buyer" is the high bidder at auction and the subject property is sold to the same buyer**.Only the first registration of a prospective bidder received will be honored.

No  Broker Acknowledgement Forms will be accepted at the auction site.

Broker Signature ___________________________  Date_________

Broker Name Printed ________________________ Date_________

Agent Signature ____________________________ Date_________

Agent Name Printed _________________________ Date_________

__________________________________________ Date_________

Prospective Buyer(s) Signature

__________________________________________ Date_________

Prospective Buyer(s) Printed

(Office Use Only) Received by Pierce Auction Service and Real Estate, Inc.

BY_______________________________ Date_____________ Time:____________

*High bid is defined as purchase price or the "Hammer Price". Not to include the buyer premium.

**Broker /agent certifies that neither broker/agent, his/her employees, agents, nor any member (s)

of his/her immediate family, or his/her employees or agents immediate family, is or will be the buyer.

ALL BROKER PARTICIPATION FORMS MUST BE

RECEIVED 72 HOURS PRIOR TO SHOWINGS OR AUCTION

You Can Fax This To Our Office, Or Hand Deliver it, or Send it First Class Mail to:

Pierce Auction Service and Real Estate, Inc., 274 Brookwood Drive, Winston-Salem NC 27127-9121

Phone  336.813-3333