Common use of Broker Acknowledgement Clause in Contracts

Broker Acknowledgement. The real estate agents for Buyer and Seller acknowledge that entitlement to a real estate commission is expressly conditioned on the sale of the Property. If, for any reason whatsoever, this sale does not go to final settlement, Seller shall have no obligation to pay a broker’s commission. If the listing broker has agreed to pay a referral fee to Seller, a Texas-licensed real estate broker, the closing/settlement agent is authorized to deduct the referral fee from the broker’s commission at closing and remit it directly to Altair Global.

Appears in 4 contracts

Samples: Purchase Agreement Addendum, Purchase Agreement Addendum, Purchase Agreement Addendum

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