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### How to Guide: Participating in TLC Auction Brokers
#### 1. Registration:
Start by registering on our platform. This step is necessary to either list your TLC Corporation for sale or to explore current listings as a potential buyer.
#### 2. For Sellers: Listing and Verification
After registration, sellers have the opportunity to post their corporation for auction. A crucial part of this process is our verification phase, where we confirm the authenticity of the plates to ensure buyer confidence.
- **Auction Agreement:** Sellers are required to sign our auction agreement prior to the start of the auction. Our platform includes a document signature functionality for easy and clear agreement to the auction conditions.
#### 3. Bidding Access and Deposit:
- **Bidding Access:** To participate in bidding, all potential bidders must first email the brokerage auction to receive a unique bidding access link and payment information.
- **Bidding Deposit:** A $500 deposit is required to bid, which is refundable for non-winning participants.
#### 4. Winning a Bid:
The winner of a bid must make a deposit of 5% of the total bid amount. This deposit is refundable if the transaction is not completed due to issues on the seller's part.
#### 5. Commission and Broker Auction Fee for Sellers:
- **Commission:** A commission is deducted from the seller's proceeds upon a successful transaction closure. The exact percentage is discussed after successful listing and verification.
- **Broker Auction Fee:** An 8% broker auction fee will be added to all closing transactions, ensuring our platform can continue to provide exceptional service and support.
#### 6. Completing the Purchase:
The balance of the winning bid is processed through a trusted escrow service, providing a secure transaction environment.
#### 7. Additional Fees:
- **Buyers' Responsibilities:** Buyers should note that attorney fees are their responsibility. Additionally, a non-refundable auction transaction fee of $300 is applied.
#### 8. Successful Transaction:
Once all procedures are followed and both parties have met their obligations, the transaction is considered complete.
#### 9. Feedback and Support:
We highly encourage both buyers and sellers to provide feedback about their experience. For any inquiries or assistance needed throughout the process, our dedicated support team is available to help.