Common use of Default to Facilitator Clause in Contracts

Default to Facilitator. Buyer hereby authorizes Xxxxxx and Xxxxxxx Licensee (agent working with Xxxxx) to 149 default to Facilitator status (representing the interests of neither the Seller nor the Buyer) in any property 150 showings, negotiations, or transactions in which the Broker may also have a representation agreement with the 151 Seller who is also being assisted by the Selling Licensee. In such event, Agent shall immediately notify (verbally) 152 both the Buyer and the Seller of the need to default to this Facilitator status and notification shall be confirmed in 153 writing prior to the execution of the contract. As Facilitator, Broker and Xxxxxx’s licensee may assist the parties 154 and provide information in subsequent negotiations in that transaction. Upon any default to Facilitator status, the 155 Broker and Xxxxxx’s licensee must assume a neutral position and will not be an advocate for either the Buyer or 156 any prospective Seller.

Appears in 1 contract

Samples: Exclusive Buyer Representation Agreement

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Default to Facilitator. Buyer hereby authorizes Xxxxxx Broker and Xxxxxxx Selling Licensee (agent working with XxxxxBuyer) to 149 160 default to Facilitator status (representing the interests of neither the Seller nor the Buyer) in any property 150 161 showings, negotiations, or transactions in which the Broker may also have a representation agreement with the 151 162 Seller who is also being assisted by the Selling Licensee. In such event, Agent shall immediately notify 163 (verbally) 152 both the Buyer and the Seller of the need to default to this Facilitator status and notification shall be 164 confirmed in 153 writing prior to the execution of the contract. As Facilitator, Broker and XxxxxxBroker’s licensee may 165 assist the parties 154 and provide information in subsequent negotiations in that transaction. Upon any default to 166 Facilitator status, the 155 Broker and XxxxxxBroker’s licensee must assume a neutral position and will not be an advocate 167 for either the Buyer or 156 any prospective Seller.

Appears in 1 contract

Samples: Exclusive Buyer Representation Agreement

Default to Facilitator. Buyer Seller hereby authorizes Xxxxxx and Xxxxxxx Listing Licensee (agent working with Xxxxx) to 149 default to Facilitator status (representing the interests of neither the Seller nor the Buyer) in any property 150 Property showings, negotiations, or transactions transactions, in which the Broker Listing Licensee may also have a representation agreement with the 151 Seller who is also being assisted by the Selling LicenseeBuyer. In such event, Agent shall immediately notify (verbally) 152 both the Buyer and the Seller of the need to default to this Facilitator status and notification shall be confirmed in 153 writing prior to the execution of the contract. As a Facilitator, Broker and Xxxxxx’s licensee may assist the parties 154 and provide information in subsequent 307 negotiations in that transaction. Upon any default to Facilitator status, the 155 Broker and XxxxxxBroker’s licensee must 308 assume a neutral position and will shall not be an advocate for either the Buyer or 156 any prospective Seller.

Appears in 1 contract

Samples: Sell Listing Agreement

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Default to Facilitator. Buyer Seller hereby authorizes Xxxxxx Broker and Xxxxxxx Listing Licensee (agent working with Xxxxx) to 149 default to Facilitator status 266 (representing the interests of neither the Seller nor the Buyer) in any property 150 Property showings, negotiations, or transactions 267 transactions, in which the Broker may also have a representation agreement with the 151 Seller Buyer who is also being 268 assisted by the Selling Listing Licensee. In such event, Agent shall immediately notify (verbally) 152 both the Buyer and the 269 Seller of the need to default to this Facilitator status and notification shall be confirmed in 153 writing prior to the 270 execution of the contract. As a Facilitator, Broker and Xxxxxx’s licensee may assist the parties 154 and provide 271 information in subsequent negotiations in that transaction. Upon any default to Facilitator status, the 155 Broker 272 and Xxxxxx’s licensee must assume a neutral position and will shall not be an advocate for either the Buyer or 156 any prospective 273 Seller.

Appears in 1 contract

Samples: Sell Listing Agreement

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