Common use of Compensation of the Broker Clause in Contracts

Compensation of the Broker. 3.1 The Client agrees to compensate the Broker as provided for below if the Client or any party acting on behalf of the Client, acquires residential real property during the Term of this Agreement: Percentage of Sale Price/Flat Fee: Other: 3.2 The parties agree that the obligation of the Client under this Section may be satisfied in all or part by the Seller or the Seller’s broker. Any compensation paid by the Seller or the Seller’s broker to the Broker shall be credited toward the Client’s obligations owed under this Agreement. Regardless of the fact that the Seller or the Seller’s broker may agree to offer compensation to the Broker, the Broker agrees at all times to represent the Client’s best interests subject to the Broker’s Company Policy on Agency, the requirements of Ohio law, and the terms of this Agreement. In particular, the Broker agrees that the Broker will not refuse to show any property to the Client on the basis of any compensation that may be offered by the Seller or the Seller’s broker, and agrees not to limit or filter any property search by any compensation that may be offered by the Seller or the Seller’s broker, absent request of the Client. 3.3 Although the Seller or the Seller’s broker may pay compensation to the Broker, the payment of such compensation by the Seller or Seller’s broker shall not in any way make the Broker in this Agreement the agent of the Seller or subagent of the Seller’s broker. 3.4 If the compensation received by the Broker from the Seller or the Seller’s broker under Section 3.1 is equal to the Client’s payment obligation under this Agreement, the Client’s obligation to the Broker shall be deemed satisfied. If the compensation received by the Broker from the Seller or the Seller’s broker under Section 3.1 is less than the full amount of compensation owed by the Client under this Agreement, the Client shall still be responsible for the payment to the Broker of the remaining amount owed. 3.5 The Broker shall not receive compensation from the Seller, the Seller’s broker, or any other third- party in excess of the amount owed under Section 3.1. CLIENT RECOGNIZES THAT THEY ARE ULTIMATELY RESPONSIBLE FOR PAYING THE BROKER ANY AMOUNTS OWED UNDER THIS AGREEMENT SUBJECT TO ANY OFFSET PERMITTED UNDER THIS SECTION.

Compensation of the Broker. 3.1 The Client agrees to compensate the Broker as provided for below if the Client or any party acting on behalf of the Client, acquires residential real property during the Term of this Agreement: Percentage of Sale Price/Flat Fee: Other: 3.2 The parties agree that the obligation of the Client under this Section may be satisfied in all or part by the Seller or the Seller’s broker. Any compensation paid by the Seller or the Seller’s broker to the Broker shall be credited toward the Client’s obligations owed under this Agreement. Regardless of the fact that the Seller or the Seller’s broker may agree to offer compensation to the Broker, the Broker agrees at all times to represent the Client’s best interests subject to the Broker’s Company Policy on Agency, the requirements of Ohio law, and the terms of this Agreement. In particular, the Broker agrees that the Broker will not refuse to show any property to the Client on the basis of any compensation that may be offered by the Seller or the Seller’s broker, and agrees not to limit or filter any property search by any compensation that may be offered by the Seller or the Seller’s broker, absent request of the Client. 3.3 As part of all real estate purchase offers Client may request that the Seller, on Client’s behalf, pay Xxxxxx’s fee due under this Agreement at the time of settlement. Although the Seller or the Seller’s broker may pay compensation to the Broker, the payment of such compensation by the Seller or Seller’s broker shall not in any way make the Broker in this Agreement the agent of the Seller or subagent of the Seller’s broker. 3.4 If the compensation received by the Broker from the Seller or the Seller’s broker under Section 3.1 is equal to the Client’s payment obligation under this Agreement, the Client’s obligation to the Broker shall be deemed satisfied. If the compensation received by the Broker from the Seller or the Seller’s broker under Section 3.1 is less than the full amount of compensation owed by the Client under this Agreement, the Client shall still be responsible for the payment to the Broker of the remaining amount owed. 3.5 The Broker shall not receive compensation from the Seller, the Seller’s broker, or any other third- party in excess of the amount owed under Section 3.1. CLIENT RECOGNIZES THAT THEY ARE ULTIMATELY RESPONSIBLE FOR PAYING THE BROKER ANY AMOUNTS OWED UNDER THIS AGREEMENT SUBJECT TO ANY OFFSET PERMITTED UNDER THIS SECTION.

Compensation of the Broker. 3.1 The Client agrees to compensate the Broker as provided for below if the Client or any party acting on behalf of the Client, acquires residential real property that was shown and/or negotiated by Broker to or for the Client during the Term of this Agreement: Percentage of Sale Price/Flat Fee: Other: 3.2 The parties agree that the obligation of the Client under this Section may be satisfied in all or part by the Seller or the Seller’s broker. Any compensation paid by the Seller or the Seller’s broker to the Broker shall be credited toward the Client’s obligations owed under this Agreement. Regardless of the fact that the Seller or the Seller’s broker may agree to offer compensation to the Broker, the Broker agrees at all times to represent the Client’s best interests subject to the Broker’s Company Policy on Agency, the requirements of Ohio law, and the terms of this Agreement. In particular, the Broker agrees that the Broker will not refuse to show any property to the Client on the basis of any compensation that may be offered by the Seller or the Seller’s broker, and agrees not to limit or filter any property search by any compensation that may be offered by the Seller or the Seller’s broker, absent request of the Client. 3.3 As part of all real estate purchase offers Client may request that the Seller, on Client’s behalf, pay Xxxxxx’s fee due under this Agreement at the time of settlement. Although the Seller or the Seller’s broker may pay compensation to the Broker, the payment of such compensation by the Seller or Seller’s broker shall not in any way make the Broker in this Agreement the agent of the Seller or subagent of the Seller’s broker. 3.4 If the compensation received by the Broker from the Seller or the Seller’s broker under Section 3.1 is equal to the Client’s payment obligation under this Agreement, the Client’s obligation to the Broker shall be deemed satisfied. If the compensation received by the Broker from the Seller or the Seller’s broker under Section 3.1 is less than the full amount of compensation owed by the Client under this Agreement, the Client shall still be responsible for the payment to the Broker of the remaining amount owed. 3.5 The Broker shall not receive compensation from the Seller, the Seller’s broker, or any other third- party in excess of the amount owed under Section 3.1. CLIENT RECOGNIZES THAT THEY ARE ULTIMATELY RESPONSIBLE FOR PAYING THE BROKER ANY AMOUNTS OWED UNDER THIS AGREEMENT SUBJECT TO ANY OFFSET PERMITTED UNDER THIS SECTION.