Commission Fees
Winning Bidder Pays
| Bankruptcy Trade Claims | |
| Commission Fee: | 0.50% |
| Calculation: | x Purchase Price |
The Winning Bidder of each auction pays T-REX a Commission Fee if the auction transaction closes. Here's how it works:
- At the end of the auction, the Creditor awards the auction to any one of its Bidders or none at all if the Creditor is dissatisfied with the bidding results.
- If the Creditor selects a Winning Bidder, T-REX provides the parties with contact details for each other.
- If the parties close the contemplated transaction within 3 months of the auction listing, the Winning Bidder pays T-REX its commission fee according to the fee schedule above.
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