Common use of EXCLUSIVE LISTING Clause in Contracts

EXCLUSIVE LISTING. The parties understand and agree that this is an exclusive right to sell, option, exchange or lease listing, and 37 Broker shall be entitled to the commission hereinafter established which shall be payable, in U.S. Dollars upon the occurrence of any of 38 the following events: 39 40 1. at the time the Property is sold, optioned, exchanged or leased by any person, including the Seller, to any person during the 41 term of this contract or any renewal or extension thereof, 42 2. at the xxxx Xxxxxx, Broker, or any other real estate licensee secures a buyer or lessee ready, willing and able to purchase, 43 option, exchange or lease the Property for such price and terms as specified, or such other price or terms as Seller may accept, 44 3. at the time an agreement is entered into to sell, exchange, option or lease during the term of this contract or any renewal or 45 extension thereof, and ultimately completed after the termination of this contract, 46 4. the Property is sold, optioned, leased, or exchanged by Seller or any other person within 90 days after 47 termination of this Listing Contract to any person procured in whole or in part by the efforts of Broker, any cooperating broker, 48 or Seller, provided, however, this extension clause shall not apply if this Exclusive Listing Contract terminates and the 49 Property is listed exclusively with another licensed broker, or 50 5. at the time of default by Seller to any valid, fully executed, written agreement to sell, option, exchange, or lease the Property. 51 52 Any commission required to be paid under items 1., 3. and 4. above shall be due and payable at the closing of the transaction when title to 53 or any interest in the Property is transferred to a buyer or lessee. Any commission required to be paid under items 2. and 5. above shall be 54 due and payable upon demand by Broker. In the event that commission is not paid when due, then Broker shall be entitled to interest at 55 the rate of 3 % per annum until commission is paid. 56 57 If the Seller and a Buyer sign a Purchase Agreement, Option to Purchase Real Estate, Lease or the closing of the sale of the Property will not 58 take place until after the term of this contract, then this contract shall automatically be extended to coincide with the closing date or term of the 59 lease.

EXCLUSIVE LISTING. The parties understand and agree that this is an exclusive right to sell, option, exchange or lease listing, and 37 36 Broker shall be entitled to the commission hereinafter established which shall be payable, payable in U.S. Dollars upon the occurrence of 37 any of 38 the following events: 3938 40 39 1. at the time the Property is sold, optioned, exchanged or leased by any person, including the Seller, to any person during 40 the 41 term of this contract or any renewal or extension thereof, 42 41 2. at the xxxx Xxxxxx, Broker, or any other real estate licensee secures a buyer or lessee ready, willing and able to purchase, 43 42 option, exchange or lease the Property for such price and terms as specified, or such other price or terms as Seller may 43 accept, 44 3. at the time an agreement is entered into to sell, exchange, option or lease during the term of this contract or any renewal or 45 extension thereof, and ultimately completed after the termination of this contract, 46 4. the Property is sold, optioned, leased, or exchanged by Seller or any other person within 90 days after 47 termination of this Listing Contract to any person procured in whole or in part by the efforts of Broker, any cooperating 48 broker, 48 or Seller, provided, however, this extension clause shall not apply if this Exclusive Listing Contract terminates and 49 the 49 Property is listed exclusively with another licensed broker, or 50 5. at the time of default by Seller to any valid, fully executed, written agreement to sell, option, exchange, or lease the Property. 51 52 Any commission required to be paid under items 1., 3. and 4. above shall be due and payable at the closing of the transaction when title 53 to 53 or any interest in the Property is transferred to a buyer or lessee. Any commission required to be paid under items 2. and 5. above 54 shall be 54 due and payable upon demand by Broker. In the event that commission is not paid when due, then Broker shall be entitled to 55 interest at 55 the rate of 3 6 % per annum until commission is paid. 56 57 If the Seller and a Buyer sign a Purchase Agreement, Option to Purchase Real Estate, Lease or the closing of the sale of the Property will not 58 take place until after the term of this contract, then this contract shall automatically be extended to coincide with the closing date or term of the 59 lease.

EXCLUSIVE LISTING. The parties understand and agree that this is an exclusive right to sell, option, exchange or lease listing, and 37 36 Broker shall be entitled to the commission hereinafter established which shall be payable, payable in U.S. Dollars upon the occurrence of 37 any of 38 the following events: 3938 40 39 1. at the time the Property is sold, optioned, exchanged or leased by any person, including the Seller, to any person during 40 the 41 term of this contract or any renewal or extension thereof, 42 41 2. at the xxxx Xxxxxx, Broker, or any other real estate licensee secures a buyer or lessee ready, willing and able to purchase, 43 42 option, exchange or lease the Property for such price and terms as specified, or such other price or terms as Seller may 43 accept, 44 3. at the time an agreement is entered into to sell, exchange, option or lease during the term of this contract or any renewal or 45 extension thereof, and ultimately completed after the termination of this contract, 46 4. the Property is sold, optioned, leased, or exchanged by Seller or any other person within 90 days after 47 termination of this Listing Contract to any person procured in whole or in part by the efforts of Broker, any cooperating 48 broker, 48 or Seller, provided, however, this extension clause shall not apply if this Exclusive Listing Contract terminates and 49 the 49 Property is listed exclusively with another licensed broker, or 50 5. at the time of default by Seller to any valid, fully executed, written agreement to sell, option, exchange, or lease the Property. 51 52 Any commission required to be paid under items 1., 3. and 4. above shall be due and payable at the closing of the transaction when title 53 to 53 or any interest in the Property is transferred to a buyer or lessee. Any commission required to be paid under items 2. and 5. above 54 shall be 54 due and payable upon demand by Broker. In the event that commission is not paid when due, then Broker shall be entitled to 55 interest at 55 the rate of 3 6 % per annum until commission is paid. 56 57 If the Seller and a Buyer sign a Purchase Agreement, Option to Purchase Real Estate, Lease or the closing of the sale of the Property will not 58 take place until after the term of this contract, then this contract shall automatically be extended to coincide with the closing date or term of the 59 lease.