Common use of Client Duties Clause in Contracts

Client Duties. 26 Buyer agrees: 27 A. To Purchase property exclusively through Broker during the term of this Agreement; 28 B. To furnish Broker on a timely basis with any necessary personal and/or financial information to ensure Client’s 29 ability to Purchase; 30 C. That he/she is not under an exclusive right to buy contract or exclusive buyer representation agreement with any 31 other agent at this time; 32 D. That if Client utilizes the services of another real estate broker or deals solely with a Seller’s Agent or the Seller 33 directly at any time during the effective period of this Agreement and/or any extensions thereof and then enters into 34 an agreement with a seller/owner to Purchase any property(ies) described above, the Buyer still owes a commission 35 to the Broker provided herein; 36 E. To authorize Broker to negotiate for a fee paid by the Seller and/or the Seller’s agent, the payment of which will be 37 fully disclosed to Client. If a fee is not offered or paid to Broker, as could occur, for example, in the purchase of an 38 unlisted property, Client agrees to pay Broker a total of $ or % compensation 39 based on the total sale price. In the event that Buyer leases a property in lieu of purchase, the Buyer agrees to pay 40 Broker a total of $ in compensation unless otherwise stated herein. In the event that the amount of 41 any cooperating compensation paid by Seller or Seller’s broker is less than the amount listed above, Buyer agrees to 42 pay Broker the difference at closing, or on the date of possession in the case of a lease. Broker’s fee is earned at the 43 signing by both parties of an agreement to purchase, lease, exchange or the exercise of an option for any 44 property(ies) as described above and is due at the closing of any such transaction or upon possession of property 45 unless otherwise stated herein. In the event that Buyer defaults on performance of a valid contract for sale, lease, 46 exchange or exercised option, Broker’s fee will be due on the date of default. Buyer agrees to pay all reasonable 47 attorney’s fees together with any court costs and expenses which real estate firm incurs in enforcing any of Buyer’s 48 obligations to pay compensation under this Agreement. The parties hereby agree that all remedies are fair and 49 equitable and neither party will assert the lack of mutuality of remedies as a defense in the event of a dispute.

Client Duties. 26 Buyer 27 Xxxxx agrees: 27 28 A. To Purchase property exclusively through Broker during the term of this Agreement; 28 29 B. To furnish Broker on a timely basis with any necessary personal and/or financial information to ensure Client’s 29 's 30 ability to Purchase; 30 31 C. That he/she is not under an exclusive right to buy contract or exclusive buyer representation agreement with any 31 32 other agent at this time; 32 33 D. That if Client utilizes the services of another real estate broker or deals solely with a Seller’s 's Agent or the Seller 33 34 directly at any time during the effective period of this Agreement and/or any extensions thereof and then enters into 34 35 an agreement with a seller/owner to Purchase any property(ies) described above, the Buyer still owes a commission 35 36 to the Broker provided herein; 36 37 E. To authorize Broker Xxxxxx to negotiate for a fee paid by the Seller and/or the Seller’s 's agent, the payment of which will be 37 38 fully disclosed to Client. If a fee is not offered or paid to Broker, as could occur, for example, in the purchase of an 38 39 unlisted property, Client agrees to pay Broker a total of $ or % compensation 39 40 based on the total sale price. In the event that Buyer leases a property in lieu of purchase, the Buyer agrees to pay 40 _______________________________ 41 Broker a total of $ in compensation unless otherwise stated herein. In the event that the amount of 41 42 any cooperating compensation paid by Seller or Seller’s Xxxxxx's broker is less than the amount listed above, Buyer Xxxxx agrees to 42 43 pay Broker the difference at closing, or on the date of possession in the case of a lease. Broker’s Xxxxxx's fee is earned at the 43 44 signing by both parties of an agreement to purchase, lease, exchange or the exercise of an option for any 44 45 property(ies) as described above and is due at the closing of any such transaction or upon possession of property 45 46 unless otherwise stated herein. In the event that Buyer defaults on performance of a valid contract for sale, lease, 46 47 exchange or exercised option, Broker’s Xxxxxx's fee will be due on the date of default. Buyer Xxxxx agrees to pay all reasonable 47 48 attorney’s 's fees together with any court costs and expenses which real estate firm incurs in enforcing any of Buyer’s 48 Xxxxx's 49 obligations to pay compensation under this Agreement. The parties hereby agree that all remedies are fair and 49 50 equitable and neither party will assert the lack of mutuality of remedies as a defense in the event of a dispute.

Client Duties. 26 31 Buyer agrees: 27 32 A. To Purchase property exclusively through Broker during the term of this Agreement; 28 33 B. To furnish Broker on a timely basis with any necessary personal and/or financial information to ensure Client’s 29 34 ability to Purchase; 30 35 C. That he/she is not under an exclusive right to buy contract or exclusive buyer representation agreement with any 31 36 other agent at this time; 32 37 D. That if Client utilizes the services of another real estate broker or deals solely with a Seller’s Agent or the Seller 33 directly 38 himself at any time during the effective period of this Agreement and/or or any extensions thereof and then enters into 34 an 39 agreement with a seller/owner to Purchase any property(ies) described above, the Buyer still owes a commission 35 to 40 the Broker provided herein; 36 41 E. To authorize Broker to negotiate for a fee paid by the Seller and/or the Seller’s agent, the payment of which will be 37 42 fully disclosed to Client. If a fee is not offered or paid to Broker, as could occur, for example, in the purchase of an 38 43 unlisted property, Client agrees to pay Broker a total of $ or % compensation 39 44 based on the total sale price. In the event that Buyer leases a property in lieu of purchase, the Buyer agrees to pay 40 45 Broker a total of $ in compensation unless otherwise stated herein. In the event that the amount of 41 46 any cooperating compensation paid offered by Seller or Seller’s broker is less than the amount listed above, Buyer agrees 47 to 42 pay Broker the difference at closing, or on the date of possession in the case of a lease. Broker’s fee is earned at 48 the 43 signing by both parties of an agreement to purchase, lease, exchange or the exercise of an option for any 44 49 property(ies) as described above and is due at the closing of any such transaction or upon possession of property 45 50 unless otherwise stated herein. In the event that Buyer defaults on performance of a valid contract for sale, lease, 46 51 exchange or exercised option, Broker’s fee will be due on the date of default. Buyer agrees to pay all reasonable 47 52 attorney’s fees together with any court costs and expenses which real estate firm incurs in enforcing any of Buyer’s 48 53 obligations to pay compensation under this Agreement. The parties hereby agree that all remedies are fair and 49 54 equitable and neither party will assert the lack of mutuality of remedies as a defense in the event of a dispute.