FAQ

FREQUENTLY ASKED QUESTONS.

BUYER

WILL I BE ABLE TO SEE AND INSPECT THE PROPERTY?

Properties are available throughout the exposure period for potential bidders to preview and conduct inspectons. Diligence is encouraged as all sales are “asis,” without contngencies. Terms and Conditons of Sale, Purchase Contract, and property documents are available on each property’s page on ConciergeAuctions.com.

DO YOU ACCEPT PRE-AUCTION OFFERS?

Yes. All offers received prior to auction are presented to the seller for consideration.

WHERE DOES THE AUCTION TAKE PLACE?

Bidders can participate in our auctions in from anywhere in the world. The auctions are conducted on our digital bidding marketplace, ConciergeAuctions.com. Bidders may also place bids over the phone with a dedicated bidder’s assistant.

I AM READY TO REGISTER TO BID. NOW WHAT?

You may register to bid via our online marketplace at ConciergeAuctons.com. Or, call us for personal service. Our registration process has three steps: 1. Complete the Terms and Conditions of Sale. 2. Wire your Bidder Deposit, typically $100,000, which is credited towards your purchase if you are the winning bidder or is returned if you are not. 3. Provide a letter of reference from your bank or financial institution.

SELLER

HOW DOES THE AUCTION PROCESS WORK?

In conjunction with your agent, we showcase your property to targeted members of our global database of more than 730,000 individuals, including our Private Client Group of high-net-worth buyers, agents, and industry experts. The process typically results in 200–400 prospects, 25+ showings, and 3–7 qualified buyers competing for your property. Before the auction opens, you can decide whether to move forward after reviewing the field of bidders and their opening bids.

AREN’T AUCTIONS ONLY FOR DISTRESSED PROPERTIES?

No. Our typical seller is well capitalized. They choose auction to control the timing of their sale.

WHAT AUCTION FORMATS DO YOU USE?

We use two auction formats. 1) No Reserve: There is no minimum bid to purchase. 2) Reserve: Will sell at or above a pre-determined price threshold.

WHAT DOES IT COST? HOW DO YOU GET PAID?

We do not charge any fees to sellers. Our fee comes from a premium paid by the buyer. Sellers pay agent commissions as outlined in their listing agreement.

I AM READY TO AUCTION MY PROPERTY. NOW WHAT?

We are solely focused on luxury properties. Call us, or have your agent call us, to discuss your property.

AGENT

WHAT HAPPENS TO THE LISTING AGREEMENT IF MY CLIENT CHOOSES TO AUCTION?

Your listing agreement remains 100% intact.

CAN I SPEAK WITH OTHER AGENTS WHO HAVE PARTICIPATED IN YOUR AUCTIONS?

Certainly. Visit ConciergeAuctions.com/Agents to see a list of agents with whom we have worked.

HOW CAN AGENTS EARN MONEY WITH CONCIERGE AUCTIONS?

There are fve ways: Represent a seller. Represent a winning bidder. Refer a new listng agent. Receive seller or buyer referrals from Concierge Auctons. For more informaton visit ConciergeAuctonsReferral.com.

CAN I REPRESENT A BIDDER FOR AN AUCTION IN A LOCATION IN WHICH I AM NOT LICENSED?

Yes. If your bidder wins the auction, you will be paid the co-brokerage commission as a referral fee.

Learn more at: ConciergeAuctions.com/FAQ

Concierge Auctions, LLC (“Concierge”) is an auctioneer. Concierge’s principal address is 800 Brazos Street, Suite 220, Austin, TX 78701 and its phone number is (212) 202-2940. If required Concierge (or its representative) is licensed and/or bonded in the state where the property to be auctioned is located. Our licenses and bond information for Hawaii is: Concierge International Real Estate, inc. (#RB-23427), and Broker Tony R. Young (#RB-23428). Our registration, licenses and bond information for Tennessee is: Concierge Auctions, LLC, [Auction Firm License #5704]; Concierge Auctions, LLC, 800 Brazos Street, Suite 220, Austin, TX 78701, Telephone: (212) 202-2940, Real Estate Broker: Chad Aron Roffers, License #323135. Our registration, licenses and bond information for Colorado is: Concierge Auctions, LLC, 900 East Union Avenue, Suite 1100, Denver, CO 80237, Telephone: (212) 202-2940, Real Estate Broker: Chad Aron Roffers, License #ER.100074545. These properties are listed for sale by Rollyn Jordan (#FA.001097325) and Gwenivere Snyder (#FA.100032337) of Christies International Real Estate Colorado (#EC100079981) (“Listing Agent”) – 100 Fillmore St. Suite 500, Denver, CO 80206; 303-200-1256; Daniel Green (#12764), of Realty Executives Associates, 10255 Kingston Pk, Knoxville, TN 37909, 865-693-3232, (“Listing Agent”); David DeSantis (License #630742), of TTR Sotheby’s International Realty, 1206 30th St., NW, Washington, D.C., 20007, 202.333.1212, (“Listing Agent”), and Brad Kappel (License #639620) of TTR Sotheby’s International Realty, 1206 30th St., NW, Washington, D.C., 20007, 202.333.1212, (“Listing Agent”); Mariana Cowan (RW-1101799), Cowan-Smith Team at Coldwell Banker Supercity Realty, 128 Chain Lake Drive, Halifax NS B3S 1A2, 902-450-5752, (“Listing Agent”) and Ian Smith (RW-1109069), Cowan-Smith Team at Coldwell Banker Supercity Realty, 128 Chain Lake Drive, Halifax NS B3S 1A2, 902-450-5752, (“Listing Agent”); Charles Paiement (License #H3045) of Canora Real Estate Agency Inc. (License #H0729) (“Listing Agent”) – 1280, rue Bernard, bur. 200, Outremont, QC H2V 1V9; 514) 893-9872; and Marc-Olivier Perron (License #G1601) of Barnes International Realty (“Listing Agent”) – 1472 Sherbrooke Ouest, Montréal, QC H3G 1L3; 514.933.3235; Tomoko Matsumoto (#RB-20042), of Hapuna Realty, 68-1330 Mauna Lani Drive, Suite 130, Kohala Coast, HI 96743, 808.657.4072, (“Listing Agent”); Wijbrand Tuinstra of Costa Rica Sotheby’s International Realty (“Listing Agent”) – 10203 Edificio del Banco General, tercer piso San Rafael San José CR 10203, San José, San Rafael, Costa Rica; +506 2253 5333; Billy May (182476) of Keller Williams Professionals (C10634) (“Listing Agent”) – 86 Asheland Ave, Asheville, NC 28801; 828-254-7253; Kristine Semrau (290220) of Calterra Properties Ltd. o/a The Agency (435954), #200, 638 – 11 Ave SW, Calgary, AB T2R 0E2, 403-542-8507, (“Listing Agent”). While Concierge (in certain jurisdictions) and certain Concierge subsidiaries, employees and representatives may possess real estate broker or salesperson licenses in various jurisdictions and may, in some circumstances, perform functions that may be deemed brokerage services, neither Concierge nor its agents, employees and affiliates are acting as a broker in any capacity for any party in connection with this auction. Bidders must seek brokerage services or advice from their own real estate agents or professional advisers. Our brokerage licenses are held solely for compliance purposes to further our auctioneering services. Concierge, the Listing Agent, the seller of the property and their respective agents, employees and affiliates do not represent, warrant or guarantee the accuracy or completeness of any information and shall have no liability for errors or omissions under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings or an offer to sell real property. Cooperating brokers are encouraged to participate as set forth in Concierge’s bidder terms and conditions. ©2008 Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Each Sotheby’s International Realty office is independently owned and operated. Neither Sotheby’s, Sotheby’s International Realty Affiliates LLC nor any of their affiliated companies is providing any product or service in connection with this auction event.

NEW YORK

228 PARK AVENUE S, PMB 70835 NEW YORK, NY 10003

AUSTIN

800 BRAZOS STREET, SUITE 220 AND 240 AUSTIN, TX 78701

LONDON

BERKELEY SQUARE HOUSE, MAYFAIR, LONDON, W1J 6BD, UK

TORONTO

100 KING STREET WEST, STE 5600 TORONTO, ON, M5X 1C9, CA

ConciergeAuctions.com +1 212.390.0860 Inquiries@ConciergeAuctions.com

THE GLOBAL MARKETPLACE TO BUY AND SELL THE FINEST PROPERTIES

Concierge Auctions curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited timeframe. The firm owns arguably the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the world. Concierge Auctions has contributed more than 300 homes to-date as part of its Key For Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a home will be built for a family in need.