BROKER PARTICIPATION FORM

Brown & Thigpen Auctions

Doug Brown Construction & Real Estate

April 14, 2007 at 12 PM

Tract #1 485 Rones Chapel Rd. Mount Olive, NC 28365

Tract #2 606 Beautancus Rd. Mount Olive, NC 28365

(With Reserve)

Brown & Kennedy Construction Co. Inc. (Macon Douglas Brown Broker) will pay a referral fee in the amount of twenty percent (20%) of the commission received on the final high bid price received to any actively licensed North Carolina Real Estate Broker whose registered client buys the above referenced property.  The buyer must close on the transaction and take title to the property.

The registration must be made by U.S. Mail, hand delivery, or fax to Brown & Kennedy Construction Inc., 3867 E NC 24 Hwy, Beulaville, NC 28518, FAX:  910-298-4470 on the attached form before 5 PM April 13, 2007.

The broker must accompany the client at the auction and co-register with the client on auction day, sign off on the purchase contract as referring broker, and attend the closing with the client.

A referral fee will not be paid on any client who has contacted us directly or received mail from our direct mailing or email.  No fee will be paid until Brown & Kennedy Construction Co. Inc. has received the commission that is due it on the transaction.  Agents acting as principles or on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with seller or Auction Company is not eligible for fee. Any broker or salesperson that purchases property for their own use or resale directly or indirectly will not receive fee. 

Brown & Kennedy Construction Co. Inc. & Brown & Thigpen Auctions represent the seller in the sale of these properties. Buyer’s agent must provide Buyer Agency Agreement

Buyer’s Name:              _____________________________________________

                                       (Please Print)

Registering Agent:         ____________________________________________

                                    (Please Print)

Agent License #            ____________________________________________

Firm Name:                   ____________________________________________

Address:                       ____________________________________________

____________________________________________

Telephone:        _____________________________         Fax:      ________________________

Date:                _____________________________         Time:    ________________________

Federal Tax ID # or Social Security #:      ______________________________

____________________________________(SEAL)

Registering Agent’s Signature