Common use of COMPENSATION / COMMISSION Clause in Contracts

COMPENSATION / COMMISSION. 6.1 Compensation shall be charged to the parties who enter into listing or buyer agreements, or for services requiring or using a real estate license. Licensee may use its own discretion regarding what commission fee to charge its clients for these services. In no event shall Broker be personally liable to licensee for licensee’s share of commissions not collected, nor shall licensee be entitled to any advance or payment from Broker upon future commissions, licensee’s only remuneration being a licensee’s share of the commission paid by the party or parties for whom the service was performed. Nor shall licensee be personally liable to Broker for any commission not collected. Licensee shall be responsible to broker for any previously earned sales commission, reimbursement or rebate of any sales commission, on any successful closing. If you are buying or selling your own home, please see page 7 below in our OPPM.

Appears in 5 contracts

Samples: Independent Contractor Agreement, Independent Contractor Agreement, Independent Contractor Agreement

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