Real Estate Policy

Affiliates can post Real Estate Auctions on K-BID.com. K-BID serves as the venue only for real estate auctions. K-BID has no further involvement in the transaction.

• The affiliate has complete responsibility for knowing and ensuring compliance with all Local/State and Federal laws relating to the sale of the property. Real estate sales is a highly regulated industry; unless the affiliate is a licensed real estate broker, K-BID strongly recommends the affiliate seek the counsel of a licensed real estate professional prior to finalizing any agreements with the property owner.
• The affiliate must include a disclaimer in all contracts and agreements with third parties, i.e., the buyer, the seller, the broker, the closing agent, etc., stating that K-BID is not a party to the transaction and has no involvement in the auction beyond being the venue used to present it to the public.
• Real Estate can be posted for a maximum of 4 weeks. 
• If the property is being published with a reserve, a $250 Non-Refundable Posting Fee will be collected prior to the auction being published. No posting fee is collected for absolute real estate auctions. 
• K-BID charges 2% buyer's premium on real estate auctions. 
• Affiliates are able to set the buyer's premium for real estate auctions.

The process for getting real estate auctions posted is:

1.) Get your auction all set to go in DRAFT status.

• Please make sure that your lot description and auction terms state that the BP Cap of $1500.00 DOES NOT apply to REAL ESTATE AUCTIONS. 

2.) Email [e-mail] with the Auction ID, BP %, and bid increments that you want on that auction, starting at $100,000.00 and above.

• K-BID will adjust the auction type to make sure the BP amount being charged is correct.  

3.) K-BID will invoice for the $250.00 posting fee, if the real estate is being published with a reserve. After the fee is paid, the auction will be published.

If you have any questions regarding this policy, please contact [e-mail]