Common use of Broker Authorization Clause in Contracts

Broker Authorization. A. Broker is authorized to accept and hold in escrow a deposit to apply towards purchase price. In the event the deposit is forfeited, one-half will be paid to Seller and one-half paid to Broker as compensation, provided Xxxxxx’s share does not exceed agreed commission amount.

Appears in 3 contracts

Samples: Important Note, Exclusive Right to Sell Listing Agreement, Exclusive Right to Sell Listing Agreement

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Broker Authorization. A. Broker is authorized to accept and hold in escrow a deposit to apply towards purchase price. In the event the deposit is forfeited, one-half will be paid to Seller and one-half paid to Broker as compensation, provided XxxxxxBroker’s share does not exceed agreed commission amount.

Appears in 1 contract

Samples: Exclusive Right to Sell Listing Agreement

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Broker Authorization. A. Broker is authorized to accept and hold in escrow a deposit to apply towards purchase price. In the event the deposit is forfeited, one-half will be paid to Seller and one-half paid to Broker as compensation, provided Xxxxxx’s share does not exceed agreed commission amount. The Broker is irrevocably authorized to collect such compensation prior to disbursement to Seller.

Appears in 1 contract

Samples: Sell Listing Agreement

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