What is the buyer transaction fee on Auctions by Ten-X?

What is the buyer transaction fee on Auctions by Ten-X?

For auctions held in December 2026 and later, the buyer transaction fee on Auctions by Ten-X is either 3% or 5% of the winning bid amount, depending on the property. The rate that applies is shown on each property's auction listing, so you know your total cost before you bid. Every transaction fee is subject to a $20,000 minimum.

How do I choose a fee option for my listing?

Your Ten-X representative can walk you through each option and help you pick the one that fits your property and goals. Call (888) 770-7332 or email customerservice@ten-x.com.

How is the transaction fee calculated?

The fee is a percentage of the winning bid amount: 3% or 5%, as shown on the property's auction listing. It's added to your winning bid to arrive at the total purchase price. If the percentage works out to less than $20,000, the $20,000 minimum applies.

Why do some properties have a 3% fee and others 5%?

Each seller chooses a fee option in its agreement with Ten-X. The 3% option is the lowest-cost transaction and is often used by banks, servicers, receivers and other regulated sellers. The 5% option is designed for owners and brokers and allows a larger share of the fee to go back to the seller and listing broker.

Is there a maximum transaction fee?

There's no standard maximum. Any cap is set property by property in the seller's marketing agreement with Ten-X and will appear in that property's auction terms. Review the terms for each property before you bid.

What is fee share?

Fee share lets a portion of the Ten-X transaction fee go to the seller, the listing broker, or both. On properties with a 3% fee, up to 1% can be shared. On properties with a 5% fee, up to 2% can be shared. Fee share is set in 0.5% increments and doesn't change the fee the buyer pays.

How do sellers and brokers benefit?

Sellers and brokers can now choose the fee structure that fits the deal. The 3% option keeps buyer costs as low as possible, which helps draw more bidders. The 5% option lets sellers and brokers share in the transaction fee, so the people who bring a property to auction share in its outcome.

Does the new fee change how Auctions by Ten-X supports brokers?

Brokers keep everything they rely on today: co-listing opportunities, national buyer reach and marketing tools. Fee share adds a new way for listing brokers to be compensated when a property sells at auction.