Common use of Non-Refundable Payments Clause in Contracts

Non-Refundable Payments. If the Seller accepts non-refundable payment(s) from a prospective Buyer through a purchase contract, and said Xxxxx does not complete the purchase of the Property, such non-refundable payment(s) shall be distributed equally between the Seller and the Agency up to the commission amount the Agency would have collected if the Property had sold under the agreed upon terms. If the Property is sold afterward to the same or different Buyer, the Agency shall be entitled to a Commission less payments received under this Section.

Appears in 108 contracts

Samples: Real Estate Listing Agreement, Real Estate Listing Agreement, Real Estate Listing Agreement

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Non-Refundable Payments. If the Seller accepts non-refundable payment(s) from a prospective Buyer through a purchase contract, and said Xxxxx Buyer does not complete the purchase of the Property, such non-refundable payment(s) shall be distributed equally between the Seller and the Agency up to the commission amount the Agency would have collected if the Property had sold under the agreed upon terms. If the Property is sold afterward to the same or different Buyer, the Agency shall be entitled to a Commission less payments received under this Section.

Appears in 63 contracts

Samples: Open Listing Agreement, Real Estate Listing Agreement, Real Estate Listing Agreement

Non-Refundable Payments. If the Seller accepts non-refundable payment(s) from a prospective Buyer through a purchase contract, and said Xxxxx Buyer does not complete the purchase of the Property, such non-non- refundable payment(s) shall be distributed equally between the Seller and the Agency up to the commission amount the Agency would have collected if the Property had sold under the agreed upon terms. If the Property is sold afterward to the same or different Buyer, the Agency shall be entitled to a Commission less payments received under this Section.

Appears in 1 contract

Samples: Real Estate Listing Agreement

Non-Refundable Payments. If the Seller accepts non-refundable payment(s) from a prospective Buyer through a purchase contract, contract and said Xxxxx does not complete the purchase of the Property, such non-refundable payment(s) shall be distributed equally between the Seller and the Agency up to the commission amount the Agency would have collected if the Property had sold under the agreed upon termsAgent. If the Property is sold afterward afterwards to the same or a different Buyer, the Agency shall be entitled to receive a Commission sales commission less the payments received under this Sectionsection.

Appears in 1 contract

Samples: Real Estate Sales Agreement

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Non-Refundable Payments. If the Seller accepts non-refundable payment(s) from a prospective Buyer through a purchase contract, and said Xxxxx does not complete the purchase of the Property, such non-refundable payment(s) shall be distributed equally on a prorated basis between the Seller and the Agency up to the commission amount the Agency would have collected if the Property had sold under the agreed upon terms. If the Property is sold afterward to the same or different Buyer, the Agency shall be entitled to a Commission less payments received under this Section.

Appears in 1 contract

Samples: Real Estate Listing Agreement

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