BROKER PROTECTION Sample Clauses
The Broker Protection clause is designed to ensure that a real estate broker is compensated if a property is sold to a buyer they introduced, even after the listing agreement has expired. Typically, this clause specifies a protection period during which the broker is entitled to a commission if the seller completes a sale with a buyer who was shown the property or negotiated with the broker during the listing term. Its core function is to prevent sellers from avoiding commission payments by waiting until after the agreement ends to finalize a sale with a broker-introduced buyer, thereby protecting the broker's interests and efforts.
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BROKER PROTECTION. A brokerage fee shall be paid if the Property becomes subject to a written agreement of sale or lease by the buyer and SELLER/LANDLORD or their designees or is sold, conveyed, leased, rented or in any way transferred within days after the termination or expiration of this Agreement, or any extension of it, to anyone to whom BROKER has shown this Property before final termination or expiration, provided SELLER/LANDLORD has received written notice including the names of prospective buyers/tenants before, upon or within ten (10) days after the termination or expiration of this Agreement or any extension of it. SELLER/LANDLORD agrees that, if an offer has been submitted, a binder has been paid or a contract of sale or lease has been signed during the term of this Agreement, a brokerage fee shall be paid if the offer, binder or contract is fully accepted or performed. However, the protection period in this section will terminate if the SELLER/LANDLORD signs a valid listing agreement with another broker to sell or lease the Property, whichever is applicable.
BROKER PROTECTION. A brokerage fee shall be paid if the property becomes subject to a written agreement of sale by the buyer and seller or their designees or is sold, conveyed, leased, or in any way transferred within days after the termination or expiration of this Agreement, or any extension of it, to anyone to whom the BROKER has represented this property before final termination or expiration, provided SELLER has received written notice including the names of prospective Buyers before or upon termination or expiration of this Agreement or any extension of it. However, this protection does not apply if the property is subsequently listed with another real estate broker at the time of sale.
BROKER PROTECTION. Owner agrees to pay the Listing Broker the Commission ifthe Owner, acting on the Owner's own behalf, within 180 days after the Expiration Date conveys or agrees to convey the Property to any Buyer shown the Property by the Listing Broker or any person during the term ofthis Listing Agreement. This clause shall not apply ifthe property has been listed by the Owner with another broker by written agreement.
BROKER PROTECTION. A brokerage fee shall be paid if the Property, or any part of it, becomes subject to a written agreement of sale between a buyer or a written lease between a tenant and SELLER/LANDLORD or their designees or is sold, conveyed, leased, or in any way transferred within days after the termination or expiration of this Agreement, or any extension of it, to anyone to whom BROKER has dealt with concerning this Property before final termination or expiration of this Agreement, or any extension of it, provided BROKER has sent a written notice to SELLER/LANDLORD that includes the names of prospective buyers and tenants within thirty (30) days of the termination or expiration of this Agreement or any extension of it. However, this protection does not apply if the Property is subsequently listed with another real estate broker when a contract of sale or lease is signed.
BROKER PROTECTION. Lender agrees that the Broker shall be entitled to the Referral Fees for any and all Completed Transactions between the Referred Parties and the Lender, an affiliate of Lender, or an Alternative Lender. Lender expressly acknowledges and agrees that the Referral Fees will be due to the Broker regardless of whether any of the Referred Parties contact the Lender directly regarding any Potential Transactions. For purposes of this Agreement, the term “Referred Parties” shall not include any source, broker, borrower, investor, or other contact that was already known by the Lender or its Representatives (as hereinafter defined), at the time of disclosure by the Broker to the Lender.
BROKER PROTECTION. ▇▇▇▇▇▇ agrees that the Broker shall be entitled to the Referral Fees for any and all Completed Transactions between the Referred Parties and the Lender, an affiliate of Lender, or an Alternative Lender, provided however the Broker remains in an active status (“Active”) under this Agreement. A Broker shall be first considered Active as of the date of execution of this Agreement and shall remain Active for twelve (12) months, subject to extension by renewal (the “Renewal”). The Lender must close at least two (2) Completed Transactions in a twelve (12) month period with any Referred Party of the Broker for the Broker to receive a Renewal. The Renewal shall be for an additional twelve (12) months and take effect as of the date of the closing of the second Completed Transaction in the preceding twelve (12) months. Notwithstanding the foregoing, the Broker shall not be entitled to such protection at the earliest of the following events to occur: (a) Broker terminates this Agreement; (b) Broker or Broker’s brokerage ceases business as a Broker or brokerage; (c) Broker becomes employed with another lender making commercial loans in competition with Lender; or (d) Lender terminates this Agreement for cause as defined in Section 11. ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ expressly acknowledge and agree that the Referral Fees will be due to the Broker regardless of whether any of the Referred Parties contact the Lender directly regarding any Potential Transactions provided the Broker was in an Active status at the time of the Referred Party’s direct contact. For purposes of this Agreement, the term “Referred Parties” shall not include any source, broker, borrower, investor, or other contact that was already known by the Lender or its Representatives (as hereinafter defined), at the time of disclosure by the Broker to the Lender.
BROKER PROTECTION. Wherever possible, ACGI will use its best efforts to refer inquires from any existing Broker customers of ACGI to the Broker of the most recent transaction for handling.
BROKER PROTECTION. The above commission shall also apply if the property is placed under contract of sale or lease 3 months after the expiration or termination of this listing, to a prospect who has been shown the property during the term of the listing, and the property is not the subject of a valid listing agreement with another broker at the time the property is placed under contract or leased. A commission of would also be due if the premises are sold to a tenant for which a rental commission was payable to the broker. 3% ON THIS LISTING, THE BROKER IS OFFERING A COMMISSION SPLIT OF MINUS --0-- TO POTENTIAL COOPERATING BROKERS. IF YOU FEEL THAT THIS MAY RESULT IN YOUR PROPERTY RECEIVING LESS THAN MAXIMUM EXPOSURE TO BUYERS, YOU SHOULD DISCUSS THOSE CONCERNS WITH THE LISTING SALESPERSON OR HIS/HER SUPERVISING BROKER.