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In any event, the buyer’s deposit will be retained by Auction Company as liquidated damages.The respective rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the auction shall by governed and interpreted by the laws of the state in which the auction is held.King then falsely reported to the various state unemployment agencies in these 16 states that the fictitious companies had paid wages to him and the other indicted and unindicted co-conspirators for work performed, when, in fact, that was not true.In turn, King and the other co-conspirators and unindicted co-conspirators then made claims for unemployment benefits and, because King did not contest the unemployment benefits on behalf of the fictitious businesses, these conspirators were paid by the Department of Labor.To qualify for a commission the licensed broker/agent must first register the prospective bidder on the Auction Company website or on Auction Company’s Broker Participation Acknowledgement Form. In addition, agents must also attend the auction with their prospects, when applicable.Registration letters must be countersigned by the prospect and include the broker’s and agent’s license number, identification of the property, any agency disclosure statements, the letter and participation acknowledgement form. Commission is contingent upon, and will only be paid if the broker participation form is received by Auction Company no later than P. Auction Company will accept only one client per auction from any one Real Estate Broker/Agent unless prior approval is given by Cargile Auctions.Buyer must remit cash, complete wire transfer or cashiers check made payable to Cargile Auctions LLC if you are the winning bidder.The successful buyer must sign all documents and contracts immediately after the acceptance of the final bid.
This deposit will be held in a non-interest bearing escrow account until settlement.The closing will occur within 45 days from date of auction.