This means a discount will be taken in account and announced by the Auctioneer. The announcement may be made prior to the initiation of the bidding. The Terms and Conditions may change with the Auctioneers Announcement.

BUYER PREMIUM EXAMPLE:

Assume $500,000 is the last bid = $25,000 buyer premium concession.
$500,000 x .15 = $75,000
$500,000 x .05 = $25,000
$500,000 x .10 = $50,000
$50,000 Buyer Premium (Due) 

Buyers Premium, Concessions, Bonus and Bid increments are the sole discretion of the Auctioneer. Myers Jackson, Auctioneer under the direction of the seller may process and execute bids submitted (offers) that satisfy the seller’s right to reservation, liberty of bidding, counter-bidding or other rights. Subject to online or offline Terms, Conditions of Sale, Offer, Price, Seller Confirmation, 15% Buyer’s Premium | TDLR 17057 | 469-460-4848

A CONCESSION is not always guaranteed however if uses the concession may be adjusted in the buyer payment based on a bid a individual bidder executes. A Brokers agent that is registered that follows all instructions may qualify for a $1000 more or less (Agent Bonus) and may be paid at the bid award when buyers and sellers have completed execution and payments.  Brokers Agents at a minimum must complete the following in addition to having a Represented Buyer that wins the bids and then fulfills all duties in the Terms and Conditions of Sale. Buyers must fulfill the terms and conditions of sale to qualify for the concessions. The Buyer’s Premium Concession may be used to pay The Buyer Brokers Agent, Closing Costs or keep as a Bonus to yourself. *Concessions are not always a part of the terms and conditions. Check the relevant terms of each auction.