Common use of Fees; Compensation Clause in Contracts

Fees; Compensation. 11.1 Please note that not all lenders pay brokerages the same amount, and some don’t pay brokerages at all; in certain instances, Concord may ask you (the borrower(s)) for a fee. In the event that Concord is to charge you a fee, Concord will let you know before hand. 11.2 We may be compensated for this mortgage transaction by a fee paid by the lender. We may also receive compensation from the lender for our volume, efficiency, or any other criteria the lender may set out from time to time, as well as non-monetary compensation such as attendance at conferences, travel or gifts.

Appears in 3 contracts

Sources: Service Agreement, Service Agreement, Service Agreement