Achieve Strong Deal Outcomes With Our New, Streamlined Transaction Fee
When you win a commercial real estate auction, there are two key numbers to be aware of. The first is the winning bid: the price that the seller accepts to end the auction.
The second is the fee referred to as the buyer's premium: a charge in addition to the winning bid, paid to the auctioneer or auction platform.
The buyer's premium, also referred to as a transaction fee, has long been a standard feature of auctions, both online and offline. Today, the industry average fee for a commercial real estate auction is approximately 5% of the winning bid.
As the #1 technology driving commercial real estate transactions online, Auctions by Ten-X has revolutionized the way we buy and sell CRE. Now, we're moving to a new fee structure that makes our deals even more competitive.
What is the auction transaction fee on LoopNet?
As of September 15, 2025, there is a flat 3% transaction fee across all auction properties.
| Transaction Fee | |
|---|---|
| Transaction Fee (based on winning bid amount) | 3% |
| Minimum Fee | $20,000 |
| Maximum Fee | $300,000 |
This replaces our previous variable fee model.
Why is the transaction fee changing?
We updated our transaction fee to give buyers, sellers, and brokers a more streamlined fee structure, making the overall transaction experience simpler and more transparent for everyone involved.
We're able to make this change thanks to new advancements in our technology and greater efficiencies within our auction process that we've implemented through our partnerships with LoopNet and CoStar. Our buyers, sellers, and brokers can now enjoy a more competitive pricing structure, without any impact on their transaction process or deal outcomes.
What does this mean for auction sellers?
Our new fee structure is designed to help our sellers maximize their sales proceeds while ensuring the auction process remains smooth, reliable, and transparent.
A comparatively lower buyer fee can also lead to more competitive bidding, which can in turn result in higher sale prices and stronger deal outcomes.
Consider, for example, an investor is interested in a property but wants to pay no more than $5,000,000, fee included. Because Auctions by Ten-X has a more competitive transaction fee, investors can place higher bids on our platform than on a competing platform with a higher transaction fee.
| LoopNet Auctions by Ten-X | Competitors | |
|---|---|---|
| Transaction Fee % | 3% | 5% |
| Buyer's Maximum Winning Bid | $4,854,369 | $4,761,905 |
| Transaction Fee $ | $145,631 | $238,095 |
| Buyer's Total Purchase Price (Fee Included) | $5,000,000 | $5,000,000 |
A consistent, clearly communicated fee helps buyers to easily calculate what their fee (and in turn, their consolidated purchase price) would be, which will in turn enable them to place more competitive and strategic bids.
What does this mean for auction brokers?
We're committed to transparency in our auction process for all involved. Our move to a clear, consistent fee structure will help you build trust with both buyers and sellers throughout the process.
The more competitive fee structure will help drive stronger bids, leading to better outcomes for you and your clients without any impact on your listing commission.
You get a more competitive auction environment and higher sales prices for your clients, who you can represent with confidence knowing the platform is designed to support your fiduciary role and maintain trust.
What does this mean for auction investors?
Our aim is to provide our investors with a simpler, more streamlined purchasing experience. Because the transaction fee is based on the winning bid, winning an auction on LoopNet would cost you less than placing the same winning bid on another auction platform.
| LoopNet Auctions by Ten-X | Competitors | |
|---|---|---|
| Winning Bid | $2,000,000 | $2,000,000 |
| Transaction Fee % | 3% | 5% |
| Transaction Fee $ | $60,000 | $100,000 |
| Total Purchase Price | $2,060,000 | $2,100,000 |
You can count on knowing exactly what you are paying, and trust that more of your capital is going directly toward the asset (not fees).
There are no hidden incentives or rebates included in this fee, so you can bid with confidence knowing our process is built on full transparency and trust.
Frequently Asked Questions
Does the new 3% fee apply to all auction listings?
Yes, the 3% buyer fee applies to all Auctions by Ten-X listings unless otherwise noted in the listing terms.
Will the new fee change how Auctions by Ten-X supports brokers?
No. Auctions by Ten-X continues to support brokers with co-listing opportunities, national buyer reach, and marketing tools. The 3% fee enhances buyer engagement without changing broker support.
Maximize your next deal outcome with LoopNet Auctions by Ten-X
Ready to find your next investment? Start browsing auction listings on LoopNet today.
Want to learn more about our transactions? Read more about LoopNet Auctions by Ten-X here.
