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 inspections. Diligence is encouraged as all sales are “asis,” without contingencies. Terms and Conditions 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 ConciergeAuctions.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 680,000 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?

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 five ways: Represent a seller. Represent a winning bidder. Refer a new listing agent. Receive seller or buyer referrals from Concierge Auctions. For more information visit ConciergeAuctionsReferral.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 California are: Concierge Auctions LLC (#32S370401) and Real Estate Brokers Tony R. Young (01077627), Cindy Lee Jones (00979078), James Faulkner (1321923), and Barbara J. Young (00689235). These properties are listed for sale by Clint Wood (0995699209) of Whitetail Properties Real Estate LLC (0995701969) (“Listing Agent”) – 32542 Pea Ridge Road, Albany, LA 70711; (217) 285-9000; Adam Taugwalder of Coldwell Banker Thailand (“Listing Agent”) – SG Tower, 10th floor, Mahadlekluang 3, Rajadamri Road, Bangkok 10330, Thailand; +66 95 554 5151; Anthony Wells (Siren 444 692 156) of Tribunal de Commerce de Tours of French Domaines (No CPI 3701 2018 000 030 907) (“Listing Agent”) – Agence TBI, Touraine Berry Immobilier, 1 Place du Marché aux Fleurs, 37600 LOCHES, FRANCE : RCS Tours; +33 799 874 219; Julio César Cuellar Lozano of Keller Williams Orihuela Costa (“Listing Agent”) – Calle Santa Alodia, Centro Comercial La Mosca, planta 1, local 22 03189 Orihuela Costa; +(34) 659.690.135; Carla Meoni of Olon Property srl con socio unico (“Listing Agent”) – Largo Quinto Alpini 8, 20145 Milano, Italy; +39 340 0602 934; Sergey Kotrikadze of Imperial Properties inmobiliaria CB (N.I.F- E57662934) (“Listing Agent”) – Av. Rey Jaime I, N111, loc. 5, Imperial Properties, Santa Ponsa, Calvia, Mallorca, Spain; +34 971 692 434; Richard Deacon (#177778) of Engel & Volkers Okanagan (#4073997) (“Listing Agent”) – 1429 Ellis Street Kelowna, British Columbia, Canada; 778 478 9300; Grace Yan of Coldwell Banker Mountain Central (“Listing Agent”) – 4620 Macleod Trail, Calgary, AB T2G 5E8, Canada; +1 403775-6950; Aaron Kirman (#01296524) of Compass Real Estate (#01866771) (“Listing Agent”) – 699 Van Ness Ave, San Francisco, CA 94109; 415.345.3000 and Kurt Rappaport (DRE #01036061) of Westside Estate Agency (DRE #01257836) (“Listing Agent”) – 210 N Canon Dr, Beverly Hills, CA 90210; (310) 247-7770; Karen Gustavus (#0440585) of RE/MAX Elite (#9007557) (“Listing Agent”) – 1902 Morgan Ave-Corpus Christi, TX 78404; 361-777-7653; Julie Vesuwalla of Century 21 Bamber (#016101) (“Listing Agent”) – 1612 17 Avenue SW, Calgary, Alberta T2T 0E3; (403) 245-0773; Laura de La Torre De Skipsey (#5534666198) and María Paoli (#5539668335) of Mexico Sotheby’s International Realty (Nuevo Vallarta Properties) (#515034) (“Listing Agent”) – Julio Verne 9 Polanco, Miguel Hidalgo, Mexico City, Mexico 11550; +52 (55) 5929 5252; Kellie Geitner (#406702) of Martha Turner Sotheby’s International Realty (#307280) (“Listing Agent”) – 1717 W Loop S Suite 1700, Houston, TX 77027; (713) 520-1981; Guive Emami of Swissroc Properties (“Listing Agent”) – Avenue Rosemont 8, CH-1208 Genève, Switzerland; +41 22 552 30 12; Greg Goumas (DRE #01878208) and Arthur Sharif (DRE# 01481940) of Sotheby’s International Realty San Francisco Brokerage (#00899496) (“Listing Agent”) — 117 Greenwich Street, San Francisco, 94111; (415)-200-7744; Beverley Ann Rosen (#03551820131) of Lake Como Properties (#320921) (“Listing Agent”) – Via Belvedere 6, Muronico, Dizzasco, 22020 Como, Italia; +39 348 4108544; Seth O’Byrne (#01463479) of Compass California (#01527365) — 655 West Broadway #1650, San Diego, CA 92101; 619-317-1875; Donna M. Calamia (#2016022967) of Redkey Realty Leaders St. Louis (#2012011577) (“Listing Agent”) – 10333 Clayton Road, Floor 2, St. Louis, MO 63131; (314) 692-7200; Meghan Wasinger (#0225245711) of Wasinger & Co Properties (#0226031793) (“Listing Agent”) – 9015 Silverbrook Road, Suite 106, Fairfax Station, VA 22039; 703-828-5660; Rhonda Smith Sanchez (RB 22953) of Coldwell Banker Island Properties (RB 16822) (“Listing Agent”) – 39 Baldwin Avenue, Paia, Hawaii 96779; (808) 579-8000; Qaiser Khan (#475-137906) of Park Shore Realty (#478-008014) (“Listing Agent”) – 6524 N. Lincoln Ave., Lincolnwood, IL 60712; (847) 982-3700; Beth Drewett (#659995) of Compass Real Estate (#9006927) (“Listing Agent”) – 2500 Bee Caves Rd., Building 3, Suite 200, Austin, TX 78746; 512-575-3644; Meghan Wasinger (#0225245711) of Wasinger & Co Properties (#0226031793) (“Listing Agent”) – 9015 Silverbrook Road, Suite 106, Fairfax Station, VA 22039; 703-828-5660; and Navona Neel Hart (#0225076822) of Real Living Cornerstone (#0226018811) (“Listing Agent”) – 238 North Main Street, Farmville, VA 23901; (434) 395-1225. 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

405 LEXINGTON AVENUE, 26TH FLOOR NEW YORK, NY 10174

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 200 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.