The reserve is set by Auction.com and if you agree to it, then the marketing fees to the seller is free, if not, then you need to make a deposit for the marketing and they will refund it if it procures a contract.

Xing ZhuThe laws are different in every state, but many states have procuring cause laws.

Affiant further certifies that she has read or caused to be read to her the full facts of this affidavit, and understands its contents. 6.Affiant hereby confirms that this loan is being procured for business purposes by a business entity and that she, as the borrower, and/or the representative of the borrower, is a sophisticated investor engaged in the business of real estate investment and has had sufficient time to shop for prices, interest rates and terms for this loan.

@Marisa Alvarez The HOA by-laws will state the board is required to procure insurance for the HOA. 

I sold a 5 million dollar apartment complex a few years back ( was the procuring real estate broker) and they paid cash..

Also, consider that to a lender a 'Sitting tenant' is deemed to be a higher risk so procuring a loan could prove to be more difficult. 

Procuring of prospects calculated to result in the purchase, sale or exchange of real estate; D.

Then you were able to procure a long standing tenant who pays their rent with out any problems. 

OR a national crane company that delivers and stores cranes, and then he reloads them, delivers and builds them onsite.The companies like to deliver their products asap to get paid and they are often stored at his facility for several months before he takes them to their final destination.My client loves this model and wants me to procure more companies who lease from him in this same way.It is an extremely interesting concept-An industrial storage facility, that is truly 'full service' (helps with the unload, reload delivery and install when and if desired).We are brainstorming a structure where businesses pay a minimum monthly rental fee per square foot, just as one would with a self storage facility, and then there is a contracted rate for additional services provided as they decide to use them (the delivery, install, unload etc)Have you ever heard of anything like this?

You will see governments assist developers in procuring property to benefit the city.