COOPERATING BROKER COMPENSATION. Seller authorizes Broker to make an offer of compensation (“Cooperating Commission”) of 1 % of the purchase price to all participating brokers (and their agents) (“Cooperating Brokers”) in the multiple listing service (“MLS”). ▇▇▇▇▇▇ agrees to pay the Cooperating Commission when a Cooperating Broker represents and introduces the Property to a ready, willing and able Prospective Buyer who purchases the Property. The Cooperating Commission shall be paid at close of escrow. If Seller requests that the Cooperating Commission be changed/lowered during the term of this Agreement, then the following applies; a lower Cooperating Commission rate would not be applicable to any broker with the same buyer that has made a previous offer during the Listing Period. The same broker with same buyer would be entitled to the highest commission amount posted during the Listing Period. All other brokers (meaning brokers who had not submitted offers on behalf of their clients) that make an offer, would receive what is posted at the time of offer. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ authorize the closing agent to pay the Cooperating Commission directly from the sale proceeds upon the transfer of title at the closing not at a later date. ▇▇▇▇▇▇ agrees that ▇▇▇▇▇▇ is ultimately responsible for payment of the commission provided for herein.
Appears in 1 contract
Sources: Exclusive Right to Sell Real Estate
COOPERATING BROKER COMPENSATION. Seller authorizes Broker to make an offer of compensation (“Cooperating Commission”) of 1 2 % of the purchase price to all participating brokers (and their agents) (“Cooperating Brokers”) in the multiple listing service (“MLS”). ▇▇▇▇▇▇ agrees to pay the Cooperating Commission when a Cooperating Broker represents and introduces the Property to a ready, willing and able Prospective Buyer who purchases the Property. The Cooperating Commission shall be paid at close of escrow. If Seller requests that the Cooperating Commission be changed/lowered during the term of this Agreement, then the following applies; a lower Cooperating Commission rate would not be applicable to any broker with the same buyer that has made a previous offer during the Listing Period. The same broker with same buyer would be entitled to the highest commission amount posted during the Listing Period. All other brokers (meaning brokers who had not submitted offers on behalf of their clients) that make an offer, would receive what is posted at the time of offer. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ authorize the closing agent to pay the Cooperating Commission directly from the sale proceeds upon the transfer of title at the closing not at a later date. ▇▇▇▇▇▇ agrees that ▇▇▇▇▇▇ is ultimately responsible for payment of the commission provided for herein.
Appears in 1 contract
COOPERATING BROKER COMPENSATION. Seller authorizes Broker to make an offer of compensation (“Cooperating Commission”) of 1 2 % of the purchase price to all participating brokers (and their agents) (“Cooperating Brokers”) in the multiple listing service (“MLS”). ▇▇▇▇▇▇ Seller agrees to pay the Cooperating Commission when a Cooperating Broker represents and introduces the Property to a ready, willing and able Prospective Buyer who purchases the Property. The Cooperating Commission shall be paid at close of escrow. If Seller requests that the Cooperating Commission be changed/lowered during the term of this Agreement, then the following applies; a lower Cooperating Commission rate would not be applicable to any broker with the same buyer that has made a previous offer during the Listing Period. The same broker with same buyer would be entitled to the highest commission amount posted during the Listing Period. All other brokers (meaning brokers who had not submitted offers on behalf of their clients) that make an offer, would receive what is posted at the time of offer. ▇▇▇▇▇▇ Seller and ▇▇▇▇▇▇ Broker authorize the closing agent to pay the Cooperating Commission directly from the sale proceeds upon the transfer of title at the closing not at a later date. ▇▇▇▇▇▇ Seller agrees that ▇▇▇▇▇▇ Seller is ultimately responsible for payment of the commission provided for herein.
Appears in 1 contract
Sources: Exclusive Listing Agreement
COOPERATING BROKER COMPENSATION. Seller authorizes Broker ▇▇▇▇▇▇ to make an offer of compensation (“Cooperating Commission”) of 1 2.5 % of the purchase price to all participating brokers (and their agents) (“Cooperating Brokers”) in the multiple listing service (“MLS”). ▇▇▇▇▇▇ agrees to pay the Cooperating Commission when a Cooperating Broker represents and introduces the Property to a ready, willing and able Prospective Buyer who purchases the Property. The Cooperating Commission shall be paid at close of escrow. If Seller requests that the Cooperating Commission be changed/lowered during the term of this Agreement, then the following applies; a lower Cooperating Commission rate would not be applicable to any broker with the same buyer that has made a previous offer during the Listing Period. The same broker with same buyer would be entitled to the highest commission amount posted during the Listing Period. All other brokers (meaning brokers who had not submitted offers on behalf of their clients) that make an offer, would receive what is posted at the time of offer. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ authorize the closing agent to pay the Cooperating Commission directly from the sale proceeds upon the transfer of title at the closing not at a later date. ▇▇▇▇▇▇ agrees that ▇▇▇▇▇▇ is ultimately responsible for payment of the commission provided for herein.
Appears in 1 contract
Sources: Exclusive Right to Sell Real Estate