FLORIDA GEORGIA REAL ESTATE & LAND AUCTIONS

REAL ESTATE AUCTION TERMS Broker Participation: A three percent (3%) commission on the bid price on the real estate will be paid to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Brokers must be licensed in the State of Florida and must register and attend the auction with their prospect. Broker registration deadline is 24 hours before auction time. Terms: Successful bidders will make a non-refundable deposit of 10% at the auction in the form of cash, cashier's check, personal or company check with a bank letter of guarantee (as indicated below), sign a real estate sales contract with the balance at the closing. 15% Buyer's Premium Added! Example: Hammer price $100,000 plus 15% buyers premium= $115,000. Deposit would = $15,000 due day of sale. Closings: All real estate transactions must close within 30 days of auction day. Sample Guarantee Letter: As a customer of our bank, we will guarantee payment of checks drawn on account #__________ not to exceed the aggregate amount of $___________ for purchases at the auctions of Affiliated Coins, Antiques & Auctions on March 25th, 2006 in Leon county, FL. Agency Disclosure: In all transactions, the auctioneer is acting as a transaction broker. Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient's risk. Each bidder must conduct and rely solely upon his own investigation and inspection. The property is being sold "AS IS" with any and all faults. Please review all information supplied and seek the appropriate assistance prior to attending and bidding at the auction. Announcements made from the auction podium take precedence over written matter and prior oral statements. Note: Under Title X, the purchaser of a single family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead-based paint.