Compensation to Broker. I hereby agree to compensate the Broker As follows: a. Five percent (5%) of the selling price, if the property is sold during the terms hereof, or any extension thereof, by Broker on the terms herein set forth or any other price and terms I may accept, or through any other person, or by me, or Five percent (5%) of the price. If said property is withdrawn from sale, transferred, conveyed, leased or rented without the consent of Broker, by my voluntary act during the term hereof or any other extension thereof. b. The compensation provided for in subparagraph a. above if property is sold, conveyed, or otherwise transferred or if negotiations have been initiated and are ongoing within 180 calendar days after the termination of this authority or any extension thereof to anyone with whom Xxxxxx has had negotiations prior to final termination, provided I have received notice in writing, including the names of the prospective purchasers, within ten (10) days after termination of this Authorization or any extension hereof. However, I shall not be obligated to pay the compensation provided for in subparagraph a. if sale, lease, or exchange of the property is made during or after the term of said protection period to anyone other than the above names of prospective purchasers provided to me by MID STATE REALTY. c. I authorize Broker to cooperate with other Brokers, to appoint subagents, and to divide with other Brokers such compensation in any manner acceptable to Brokers. In the event of an exchange, permission is hereby given to Broker to represent all parties and collect compensation or commissions from them, provided there is full disclosure to all principles of such agency. Broker is authorized to divide with other Brokers such compensation or commissions in any manner acceptable to Brokers. However, Xxxxxx may not enter into any commission arrangements with other brokers or others that would be inconsistent with the terms of this Authorization or which would increase the total amount of Seller’s obligation for a commission hereunder, and Xxxxxx’s sole obligation and liability for a commission shall be to Broker as provided in this paragraph 4. d. In the event money intended as consideration for sale of property is received by Seller outside of escrow and/or is not reflected in the sale price, the commission as agreed in paragraph 4.a. above shall apply to such monies. e. A commission that has been earned by Xxxxxx shall be payable solely from the proceeds of the sale or the property upon the closing of escrow for the sale. If requested by Xxxxxx, Xxxxxx shall execute and deliver an escrow instruction irrevocably assigning Xxxxxx’s compensation in an amount equal to the compensation provided in subparagraph a. (above) from the Seller’s Proceeds.
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Compensation to Broker. I hereby agree to compensate the Broker As follows:
a. Five percent (5%a) of the selling priceIf, if the property is sold during the terms hereofterm of this Agreement, Listing Broker, other real estate licensees, or any extension thereof, by Broker on the terms herein set forth or any other price and terms I may accept, or through any other person, including Seller/Landlord, procures a ready, willing, and able Buyer or by meTenant who offers to purchase and/or rent Property on the amount and terms stated in this Agreement or that are otherwise acceptable to /Seller/Landlord, or Five percent Seller/Landlord agrees to pay to Listing Broker compensation as provided below:
(5%1) For a sale, a commission of % of the pricegross purchase price shall be paid at the time of closing.
(2) For a lease, a commission of % of the gross aggregate lease amount, limited to years shall be paid (check one) (check one) in full at the time of lease execution OR % of the total commission due shall be paid at the time of execution of the lease and % to be paid ✔ within months after execution OR at the time of occupancy.
(3) Other: (specify)
(b) Listing Broker may apply the deposit (s) held in the escrow account to payment of the previously agreed brokerage fee. If said property the escrow funds are insufficient for the complete payment of the brokerage commission, Xxxxxxxx agrees to pay the balance due. Compensation to Listing Broker is withdrawn from sale, transferred, conveyed, leased not refundable if a tenant fails to comply with the terms of the lease or rented without the consent of Broker, by my voluntary act during the term hereof or any other extension thereofrental agreement.
b. The compensation provided for in subparagraph a. above if property (c) If within calendar days of the termination of this Agreement, the Property is rented, sold, optioned, conveyed, or otherwise transferred or if negotiations have been initiated and are ongoing within 180 calendar days after the termination of this authority or any extension thereof to anyone with whom Xxxxxx Listing Broker has had negotiations contact directly and/or indirectly prior to final termination, provided I have received notice in writing, including the names of the prospective purchasers, within ten (10) days after termination of this Authorization listing, compensation is due upon such default.
(d) If Seller/Landlord’s default prevents completion of the transaction, compensation is due upon such default.
(e) If Seller/Landlord withdraws Property from the market, transfers, conveys, leases, rents, loses Property to foreclosure, or, by a voluntary act, makes Property unavailable for sale or rent, without the consent of Listing Broker, during the above time period or any extension hereof. However, I shall not be obligated to pay the compensation provided for in subparagraph a. if sale, lease, or exchange of the property is made during or after the term of said protection time period Listing Broker may elect to anyone other than the above names of prospective purchasers provided be paid full compensation or reimbursed for expenses relating to me by MID STATE REALTYmarketing Property.
c. I authorize Broker to cooperate with other Brokers, to appoint subagents, and to divide with other Brokers such compensation in any manner acceptable to Brokers. In the event of an exchange, permission is hereby given to Broker to represent all parties and collect compensation or commissions from them, provided there is full disclosure to all principles of such agency. Broker is authorized to divide with other Brokers such compensation or commissions in any manner acceptable to Brokers. However, Xxxxxx may not enter into any commission arrangements with other brokers or others that would be inconsistent with the terms of this Authorization or which would increase the total amount of Seller’s obligation for a commission hereunder, and Xxxxxx’s sole obligation and liability for a commission shall be to Broker as provided in this paragraph 4.
d. In the event money intended as consideration for sale of property is received by Seller outside of escrow and/or is not reflected in the sale price, the commission as agreed in paragraph 4.a. above shall apply to such monies.
e. A commission that has been earned by Xxxxxx shall be payable solely from the proceeds of the sale or the property upon the closing of escrow for the sale. If requested by Xxxxxx, Xxxxxx shall execute and deliver an escrow instruction irrevocably assigning Xxxxxx’s compensation in an amount equal to the compensation provided in subparagraph a. (abovef) from the Seller’s Proceeds.Other: (specify)
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Compensation to Broker. I hereby agree SELLER/XXXXXXXX agrees to compensate the Broker As followspay BROKER a commission of:
a. Five If a sale: percent (5( _ %) of the selling pricefinal sale price of the Property (the “Commission”). Closing agents hereby have the authority to pay such commission in the form of cash, a cashier’s check or other forms acceptable to Broker at the Closing of the sale. SELLER further agrees to pay BROKER the above described commission if the property Property is sold by SELLER or any other party during the term of this Contract, or within ( ) days after the expiration date of this Contract to any party to whom the Property was submitted and whose name was disclosed to SELLER by BROKER, in writing, within ( ) days after the expiration of this Contract. SELLER further agrees to exclude such buyers from any subsequent “Right To Sell/Lease Agreements” with any other broker for a period of ( ) days from the date of the expiration of this Contract.
b. If a lease: percent ( _ %) of the total value of the lease (the “Commission”) upon LANDLORD further agrees to pay BROKER the above described commission if the Property is leased by LANDLORD or any other party during the term of this Contract, or if the Property is leased within days after the expiration of this Contract to any party to whom the Property was submitted and whose name was disclosed to LANDLORD by XXXXXX, in writing, within ( ) days after the expiration of this Contract, or if the Property is transferred by reason of condemnation or threat thereof during the term of this Contract. In the event the Property is sold during the terms hereofterm of any lease for which commissions are payable hereunder, or any extension thereof, by Broker on LANDLORD agrees that the terms herein set forth or of such sale shall include the assumption by the purchaser of LANDLORD’S obligation to pay commissions hereunder. LANDLORD further agrees to exclude such tenants from any subsequent “Right To Sell /Lease Agreements” with any other price and terms I may accept, or through any other person, or by me, or Five percent (5%broker for a period of ( ) days from the date of the priceexpiration of this Contract. Commission shall also be paid by LANDLORD to BROKER on all amounts paid to LANDLORD under any extensions and/or renewals of the lease term and for enlargement or substitution of the leased premises, when such occurs. If said property the Property is withdrawn from sale, transferred, conveyed, leased sold to tenant or rented without the consent of Broker, by my voluntary act related party during the term hereof tenant’s occupancy or any other extension thereof.
b. The compensation provided for in subparagraph a. above if property is sold, conveyed, or otherwise transferred or if negotiations have been initiated and are ongoing within 180 calendar days after the termination of this authority or any extension thereof to anyone with whom Xxxxxx has had negotiations prior to final termination, provided I have received notice in writing, including the names of the prospective purchasers, within ten (10( ) days after termination termination, LANDLORD shall pay to BROKER an additional commission of this Authorization or any extension hereofpercent ( %)of the sale price, but will credit against such additional commission the amount of lease commissions previously paid, but unamortized, to BROKER by LANDLORD. However, I shall not be obligated LANDLORD’S obligation to pay the compensation provided for in subparagraph a. if sale, lease, or exchange above described commission shall survive the expiration of the property is made during or after the term of said protection period to anyone other than the above names of prospective purchasers provided to me by MID STATE REALTY.
c. I authorize Broker to cooperate with other Brokers, to appoint subagents, and to divide with other Brokers such compensation in any manner acceptable to Brokersthis Contract. In the event a deposit is made on a sale or lease contract and is then forfeited, one-half of an exchange, permission is hereby given to Broker to represent all parties and collect compensation or commissions from them, provided there is full disclosure to all principles of such agency. Broker is authorized to divide with other Brokers such compensation or commissions in any manner acceptable to Brokers. However, Xxxxxx may not enter into any commission arrangements with other brokers or others that would be inconsistent with the terms of this Authorization or which would increase the total amount of Seller’s obligation for a commission hereunder, and Xxxxxx’s sole obligation and liability for a commission deposit shall be paid to Broker as provided BROKER, but said payment shall not be in this paragraph 4.
d. In the event money intended as consideration for sale of property is received by Seller outside of escrow and/or is not reflected in the sale price, the commission as agreed in paragraph 4.a. above shall apply to such monies.
e. A commission that has been earned by Xxxxxx shall be payable solely from the proceeds excess of the sale or the property upon the closing of escrow for the sale. If requested by Xxxxxx, Xxxxxx shall execute and deliver an escrow instruction irrevocably assigning Xxxxxx’s compensation in an amount equal fee to the compensation provided in subparagraph a. (above) from the Seller’s Proceedswhich BROKER otherwise would have been entitled to receive.
Appears in 1 contract
Samples: Commercial Exclusive Right to Represent Seller/Landlord Agreement
Compensation to Broker. I hereby agree SELLER/LANDLORD agrees to compensate the Broker As followspay BROKER a commission of:
a. Five If a sale: percent (5% %) of the selling pricefinal sale price of the Property (the “Commission”). Closing agents hereby have the authority to pay such commission in the form of cash, a cashier’s check or other forms acceptable to Broker at the Closing of the sale. SELLER further agrees to pay BROKER the above described commission if the property Property is sold by SELLER or any other party during the term of this Contract, or within ( ) days after the expiration date of this Contract to any party to whom the Property was submitted and whose name was disclosed to SELLER by BROKER, in writing, within ( ) days after the expiration of this Contract. SELLER further agrees to exclude such buyers from any subsequent “Right To Sell/Lease Agreements” with any other broker for a period of days from the date of the expiration of this Contract.
b. If a lease: percent ( %) of the total value of the lease (the “Commission”) upon . LANDLORD further agrees to pay BROKER the above described commission if the Property is leased by LANDLORD or any other party during the term of this Contract, or if the Property is leased within days after the expiration of this Contract to any party to whom the Property was submitted and whose name was disclosed to LANDLORD by BROKER, in writing, within ( ) days after the expiration of this Contract, or if the Property is transferred by reason of condemnation or threat thereof during the term of this Contract. In the event the Property is sold during the terms hereofterm of any lease for which commissions are payable hereunder, or any extension thereof, by Broker on LANDLORD agrees that the terms herein set forth or of such sale shall include the assumption by the purchaser of LANDLORD’S obligation to pay commissions hereunder. LANDLORD further agrees to exclude such tenants from any subsequent “Right To Sell /Lease Agreements” with any other price and terms I may accept, or through any other person, or by me, or Five percent broker for a period of (5% ) days from the date of the priceexpiration of this Contract. Commission shall also be paid by LANDLORD to BROKER on all amounts paid to LANDLORD under any extensions and/or renewals of the lease term and for enlargement or substitution of the leased premises, when such occurs. If said property the Property is withdrawn from sale, transferred, conveyed, leased sold to tenant or rented without the consent of Broker, by my voluntary act related party during the term hereof tenant’s occupancy or any other extension thereof.
b. The compensation provided for in subparagraph a. above if property is sold, conveyed, or otherwise transferred or if negotiations have been initiated and are ongoing within 180 calendar days after the termination of this authority or any extension thereof to anyone with whom Xxxxxx has had negotiations prior to final termination, provided I have received notice in writing, including the names of the prospective purchasers, within ten (10 ) days after termination termination, LANDLORD shall pay to BROKER an additional commission of this Authorization or any extension hereof percent ( %)of the sale price, but will credit against such additional commission the amount of lease commissions previously paid, but unamortized, to BROKER by LANDLORD. However, I shall not be obligated LANDLORD’S obligation to pay the compensation provided for in subparagraph a. if sale, lease, or exchange above described commission shall survive the expiration of the property is made during or after the term of said protection period to anyone other than the above names of prospective purchasers provided to me by MID STATE REALTY.
c. I authorize Broker to cooperate with other Brokers, to appoint subagents, and to divide with other Brokers such compensation in any manner acceptable to Brokersthis Contract. In the event a deposit is made on a sale or lease contract and is then forfeited, one-half of an exchange, permission is hereby given to Broker to represent all parties and collect compensation or commissions from them, provided there is full disclosure to all principles of such agency. Broker is authorized to divide with other Brokers such compensation or commissions in any manner acceptable to Brokers. However, Xxxxxx may not enter into any commission arrangements with other brokers or others that would be inconsistent with the terms of this Authorization or which would increase the total amount of Seller’s obligation for a commission hereunder, and Xxxxxx’s sole obligation and liability for a commission deposit shall be paid to Broker as provided BROKER, but said payment shall not be in this paragraph 4.
d. In the event money intended as consideration for sale of property is received by Seller outside of escrow and/or is not reflected in the sale price, the commission as agreed in paragraph 4.a. above shall apply to such monies.
e. A commission that has been earned by Xxxxxx shall be payable solely from the proceeds excess of the sale or the property upon the closing of escrow for the sale. If requested by Xxxxxx, Xxxxxx shall execute and deliver an escrow instruction irrevocably assigning Xxxxxx’s compensation in an amount equal fee to the compensation provided in subparagraph a. (above) from the Seller’s Proceedswhich BROKER otherwise would have been entitled to receive.
Appears in 1 contract
Samples: Commercial Exclusive Right to Represent Seller/Landlord Agreement
Compensation to Broker. I hereby agree Landlord agrees to compensate the pay to Broker As follows:compensation of
a. Five percent (5%1) of the selling priceIf, if the property is sold during the terms hereofterm of this Agreement, including extensions, Broker, cooperating broker, or any extension thereof, by Broker on the terms herein set forth or any other price and terms I may accept, or through any other person, including Landlord, procures a ready, willing, and able Tenant who offers to rent Property on the amount and terms stated in this Agreement or that are otherwise acceptable to Landlord. Upon execution of a lease or rental agreement by meLandlord and a Tenant procured by Broker, or Five percent Broker may apply the deposit (5%s) held in the escrow account to payment of the pricepreviously agreed brokerage fee regardless of when the tenant occupies Property. If said property the escrow funds are insufficient for the complete payment of the brokerage commission, Landlord agrees to pay the balance due. Compensation to Broker is withdrawn from sale, transferred, conveyed, leased not refundable if Tenant fails to comply with the terms of the lease or rented without the consent of Broker, by my voluntary act during the term hereof or any other extension thereofrental agreement.
b. The (2) Broker is authorized to cooperate with other brokers who assist with the procurement of a Tenant, and divide with other brokers such compensation provided for in subparagraph a. above if property any manner acceptable to Broker. Broker specifies the portion of the commission payable to any Cooperating Broker as follows:
(3) If within calendar days of the termination, including extensions, of this Agreement, the Property is rented, sold, conveyed, or otherwise transferred or if negotiations have been initiated and are ongoing within 180 calendar days after the termination of this authority or any extension thereof to anyone with whom Xxxxxx Broker has had negotiations contact directly and/or indirectly prior to final termination, provided I have received notice in writing, including the names of the prospective purchasers, within ten (10) days after termination of this Authorization listing. This section shall not apply if Landlord enters into another valid listing Agreement with another licensed real estate broker after the final termination of this Agreement.
(4) If Landlord’s default prevents completion of the lease or rental agreement, compensation is due upon such default.
(5) If Landlord withdraws Property from the market, transfers, sells, conveys, leases, rents, loses Property to foreclosure, or, by a voluntary act, makes Property unavailable for rent, without the consent of Broker, during the above time period or any extension hereofof said time period, compensation. However, I shall not Broker may elect to be obligated paid full compensation or reimbursed for expenses relating to pay marketing Property for rent.
(6) If within days after the compensation provided for in subparagraph a. if sale, lease, or exchange expiration of the property is made during or after the term of said protection period to anyone other than the above names of prospective purchasers provided to me by MID STATE REALTYthis Agreement, Landlord executes a lease or rental agreement with any party and has not subsequently listed exclusively with another real estate broker.
c. I authorize Broker (7) If Landlord and Tenant agree to cooperate with other Brokers, to appoint subagents, and to divide with other Brokers such compensation in any manner acceptable to Brokers. In renew or extend a lease or rental agreement.
(8) If a Tenant who is procured during the event of an exchange, permission is hereby given to Broker to represent all parties and collect compensation or commissions from them, provided there is full disclosure to all principles of such agency. Broker is authorized to divide with other Brokers such compensation or commissions in any manner acceptable to Brokers. However, Xxxxxx may not enter into any commission arrangements with other brokers or others that would be inconsistent with the terms term of this Authorization Agreement, purchases Property during the term of the lease or which would increase rental agreement, including extensions, Landlord agrees to pay /Broker compensation of $ or % of the total amount gross purchase price of Seller’s obligation for a commission hereunder, and Xxxxxx’s sole obligation and liability for a commission shall be to Broker as provided in this paragraph 4Property at closing.
d. In the event money intended as consideration for sale of property is received by Seller outside of escrow and/or is not reflected in the sale price, the commission as agreed in paragraph 4.a. above shall apply to such monies.
e. A commission that has been earned by Xxxxxx shall be payable solely from the proceeds of the sale or the property upon the closing of escrow for the sale. If requested by Xxxxxx, Xxxxxx shall execute and deliver an escrow instruction irrevocably assigning Xxxxxx’s compensation in an amount equal to the compensation provided in subparagraph a. (above9) from the Seller’s Proceeds.Additional Provisions:
Appears in 1 contract